Calculate the following values.
a. A 10-year, 12 percent semiannual coupon bond, with a par value of $1,000 sells for $1,100. What is the bond's yield to maturity?
b. A 8 percent semiannual coupon bond, with a par value of $1,000 sells for $895. If the bond's yield to maturity is 5% then what is maturity of the bond in years?
c. A 10 year, 8 percent semiannual coupon bond, with a par value of $1,000 and yield to maturity is 5%. What is price of the bond?