Blue Bull Racing Inc. has bonds with a $1,000 face value and…

Blue Bull Racing Inc. has bonds with a $1,000 face value and a 5% annual coupon rate, paid semi-annually. The bonds have 12 years remaining until maturity and are currently selling for $1,115 each. What is the bond’s annualized yield to maturity (YTM)?Hint: When using Excel or a financial calculator, pay close attention to the direction of cash flows—at least one cash flow must be negative. Enter your answer with two decimal places.

BiggCity Bank has an outstanding bond with 8 years remaining…

BiggCity Bank has an outstanding bond with 8 years remaining until maturity and a face value of $1,000. The bond pays a 4.4% annual coupon, with interest paid semi-annually. If the current market yield is 5.0% annually (compounded semiannually), what is the bond’s current market price?Enter your answer with two decimal places.