Question: Please show your work and help me understand how to get the correct answers. 4. Based on the data below the Yield to Maturity on

Please show your work and help me understand how to get the correct answers.

4.

Based on the data below the Yield to Maturity on the bond is . % (Show 2 decimals)
Current Price $ 897.50
Coupon Rate 5.5%
Interest Paid Annually
Par Value $ 1,000.00
Years to Maturity 5

Correct Answers= 8.07

5.

Based on the data below the Yield to Maturity on the bond is . % (Show 2 decimals)
Current Price $ 1,110.00
Coupon Rate 6.5%
Interest Paid SEMI Annually
Par Value $ 1,000.00
Years to Maturity 10

Correct Answers= 5.08

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