Problem $13-01$A $$1,000$ bond has a coupon of $8$ percent and matures after ten

years. Assume that the bond pays interest annually.What would be the bond's price if comparable debt yields $9$

percent? Use$$Appendix B$$and$$Appendix D$$to

answer the question. Round your answer to the nearest dollar.$$$What would be the price if comparable debt yields $9$ percent and

the bond matures after five years? Use$$Appendix

B$$and$$Appendix D$$to answer the question. Round your

answer to the nearest dollar.$$$Why are the prices different

in$$a$$and$$b$?$

The price of the bond

in$$a$$is$-$Select$-$lessgreaterItem $3$than

the price of the bond in$$b$$as the principal

payment of the bond in$$a$$is$-$Select$-$further

outcloserItem $4$than the principal payment of the bond

in$$b$($in time$).$What are the current yields and the yields to maturity

in$$a$$and$$b$?$ Round your answers to

two decimal places.The bond matures after ten years:CY:$\%$

YTM:$\%$The bond matures after five years:CY:$\%$

YTM:$\%$