What is the current yield on a zero coupon bond with a remaining life of 14 years, a yield to maturity of 13.6%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.) Answer: Check Mickey and Minnie just bought a zero coupon bond for $488.72, but they cannot recall when it matures. The yield to maturity equals 12.8%. Can you help Mickey and Minnie? The bond's face value is $1000. (Assume annual discounting) (Enter your answer in years and round to 2 decimal places.) Answer: Check Calculate the yield to maturity (i.e., YTM) for the following bond. The bond matures in 26 years, has a coupon rate of 2.8% with semi-annual payments. The par value of the bond is $1000, while the current market value equals $663.91. (Round to 100th of a percent and enter your answer as a percentage, e.g., 12.34 for 12.34%) Answer: Check