Valuing Bonds $[LO2$ Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual

coupon payments. Suppose a German company issues a bond with a par value of years to maturity, and a coupon rate of $3\mathrm{.}6$ percent paid annually. If the

yield to maturity is $3\mathrm{.}2$ percent, what is the current price of the bond in euros?

Bond Yields $[$ LO$2]$ A Japanese company has a bond outstanding that sells for $104\mathrm{.}352$ percent of its $100,000$ par value. The bond has a coupon rate of $3\mathrm{.}4$ percent

paid annually and matures in $16$ years. What is the yield to maturity of this bond?