A? bond's market price is ?$775. It has a ?$1,000 par? value, will mature in 8 ?years, and has a coupon interest rate of 11 percent annual? interest, but makes its interest payments semiannually. What is the? bond's yield to? maturity? What happens to the? bond's yield to maturity if the bond matures in 16 ?years? What if it matures in 4 ?years?
The? bond's yield to maturity if it matures in 8 years?