Question: PLEASE HELP ME CALCULATE C & D. THANK YOU Harold Reese must choose between two bonds: Bond X pays $92 annual interest and has a

PLEASE HELP ME CALCULATE C & D. THANK YOU

Harold Reese must choose between two bonds: Bond X pays $92 annual interest and has a market value of $890. It has 10 years to maturity. Bond 2 pays $85 annual interest and has a market value of $760. It has four years to maturity. Assume the par value ofthe bonds is $1,000. c. A drawback of current yield is that it does not consider the total life of the bond. For example, the approximate yield to maturity on Bond X is 11.03 percent. What is the approximate yield to maturity on Bond 2? The exact yield to maturity? (Use the approximation formula to compute the approximate yield to maturity and use the calculator method to compute the exact yield to maturity. Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) Approximate yield to maturity - Exact yield to maturity - (I. Has your answer changed between parts b and c of this question? C Yes A No

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