A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.40%. (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 $1,040?
Yield to maturity %
b. What is the bond’s yield to maturity if the bond is selling for $1,000?
Yield to maturity %
c. What is the bond’s yield to maturity if the bond is selling for $1,240?
Yield to maturity %