Question: please answer the 2 questions do not write handwriting 9) EFT, Inc. issued bonds on January 1, 2006. The bonds had a coupon rate of

please answer the 2 questions

do not write handwriting

9) EFT, Inc. issued bonds on January 1, 2006. The bonds had a coupon rate of 4.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2021. What is the yield to maturity for a EFT Corporation bond on January 1, 2012 if the market price of the bond on that date is $1190?

10) What is the expected rate of return on a bond that matures in 5 years, has a par value of $1,000, a coupon rate of 8.5%, and is currently selling for $988? Assume annual coupon payments.

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