I NEED A GOOD EXPLANATION ABOUT THIS WITH NUMERIC FORMULAS AND EXAMPLES THANK YOU.

1. Explain the meaning of the term yield at maturity (yield tomaurity). Maturity yield is the total gain that an investor receives from the bond earned up to the date it matures; maturity yield represents the average yield of the bond over the bond's useful life; A single discount rate is applied for future payments, thus creating an equal value to the bonus price.

3. Would you expect half-yearly coupon obligations to be sold at a higher or lower price than equivalent obligations that pay an annual coupon?

REFERENCES: Dumrauf, G. (2013). Corporate Finance. Third Edition. CHAPTER 6