8. Valuing Bonds Microhard has issued a bond with the following characteristics: Time to maturity: 15 years Coupon rate: 7 percent Semiannual payments. Calculate the price of this bond if the YTM is: 7.0 percent 9.5 percent 5.8 percent 9. Bond Yields Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 6.4 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? 0. Coupon Rates Rhiannon Corporation has bonds on the market with 11.5 ears to maturity, a YTM of 7.6 percent, and a current price of $1,060. The onds make semiannual payments. What must the coupon rate be on these onds