Question: Consider a coupon bond with a $1,000 face value and a coupon payment equal to 5 percent of the face value per year. a. If

Consider a coupon bond with a $1,000 face value and a coupon payment equal to 5 percent of the face value per year. a. If there is one year to maturity, find the yield to maturity if the price of the bond is $990. Instructions: Enter your response as a percent rounded to one decimal place. The yleld to maturity is \%. b. Explain why finding the yield to maturity is difficult if there are two years to maturity and you do not have a financial calculator. Solving for an expression raised to a power is difficult to do by hand. There is not enough data to complete the calculation. The value of future coupon payments is unknown

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