Question: Problem 6 - 9 Bond Pricing ( LO 2 ) A 3 0 - year maturity bond with face value of $ 1 , 0

Problem 6-9 Bond Pricing (LO2)
A 30-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.8%.
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.
a. What is the bond's yield to maturity if the bond is selling for $1,000?
Answer is complete but not entirely correct.
Yield to maturity
b. What is the bond's yield to maturity if the bond is selling for $1,080?
Answer is complete but not entirely correct.
Problem 6-9 Bond Pricing (LO2) A 30-year maturity bond with face

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