<u>Answer:</u>
The yield to maturity of the bonds is 11%
<u>Explanation:</u>
Price at which the bonds is currently trading = 283.30$
Face Value = $1000
Coupon rate = 2%
Hence the coupon bond rate = $1000 ×2%
= 
=$20
Years to maturity: 20 years
Formula used:
=
Where C is the bond coupon rate
F is the face value
P is the price
N is the number of years
=
=11%
The yield to maturity of the bonds is 11%
Answer:
i think 5 is the right answer
OK so first I like to find what 10% is which in this case would be 1.8 and to find the other 5% you divide 1.8 by 2 which gets you .9 if you and 1.8 and .9 you get 2.7 and if you add 2.7 to 18 you get 20.7 which is your retail price