Round your answer to two decimal places % Do the Math 14-7 Yield, Price, and YTM A corporate bond maturing in 22 years with a coupon rate of 8.2 percent was purchased for $1.100 and is now selling for $1,170. a. What is its current yield? Round your answer to one decimal place. % b. Calculate the bond's YTM using Equation 14.5 or the Garman Forgue companion website. Round your answer to two decimal places. c. What will the bond's selling price be if comparable market interest rates rise 3.8 percent points in two years? (Hint: Use Appendix A-2 and Appendix A-4 or the Garman Forgue companion website.) Round Present Value of a Single Amount and Present Value of a Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest cent