A 10% coupon corporate bond with a June 27, 2025 maturity has quotes (clean price) of 101.108/101.641. Suppose that you sell the bond in a trade on March 10, 2017.
1. What is the bond’s YTM? (to within $0.20)
2. If coupons can be reinvested at 6%, what is the (annualized) holding period return if the bond is held to maturity?