Yield to Maturity. Assume a bond has 4 years remaining until maturity and that it pays interest semiannually (the most recent payment was yesterday). (a) What is the yield to maturity of the bond if...

Yield to Maturity. Assume a bond has 4 years remaining until maturity and that it pays interest semiannually (the most recent payment was yesterday). (a) What is the yield to maturity of the bond if its maturity value is $1,000, its coupon yield is 8 percent, and it currently sells for $821? (b) What if it currently sells for $1,070?