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Tulips and Company bonds pay semiannual interest of 5%, they mature in 15 years and have a par value of $1000

Finance

Tulips and Company bonds pay semiannual interest of 5%, they mature in 15 years and have a par value of $1000. The market rate of interest is 8%. What is the market value of Tulip bonds?

ABC's $1000 par value bonds currently sell for $798.50. The coupon rate is 10%, paid semi-annually. If the bonds mature in 5 years, what is the yield to maturity on these bonds?

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2.94 USD

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