Question: Solve both of the bond problems below. For your work, show what you would key into the buttons on your financial calculator. (round to 3

Solve both of the bond problems below. For your work, show what you would key into the buttons on your financial calculator. (round to 3 decimal points)

(a) Suppose that a 6.250% semi-annual coupon paying bond is priced at 106.723 per 100 of par value. The tenor of the bond is 12 years. What is the yield to maturity?

(b) Suppose that a 5.525% semi-annual coupon paying bond is priced at 92.773 per 100 of par value. The tenor of the bond is 10 years. What is the yield to maturity?

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