Question: Explain wny e eto. called them. YIELD TO MATURITY Eastern Corporation bonds have 4 years left to maturity. Interest is paid annually, and the bonds

Explain wny e eto. called them. YIELD TO MATURITY Eastern Corporation

Explain wny e eto. called them. YIELD TO MATURITY Eastern Corporation bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9% What is the yield to maturity at a current market price of (1) $829 and (2) $1,104? b. Would you pay $829 for each bond if you thought that a "fair" market interest rate for such bonds was 12%-that is, if r 12 %? 9-9 a. Explain your answer. TO. MATURI ELELD

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