On 4 February 2010 a company issued a bond with a face value of $500,000 that matures exactly 25 years later. The coupon rate is 8% p.a. compounded half-yearly. What is the bond's value on 4 February 2018 assuming the market yield is 5% p.a. compounded half-yearly. a. $361,916.02 b. $669,110.99 c. $670,428.40 d. $602,841.48 e. $454,475.73

On February 9, 2015, Hunter-Gratzner, Inc. issued a 10 year bond (with a typical $1000 face value) that had an annual coupon value of $42.  We will assume that the 2022 coupon has just been redeemed.    Initially (in 2015), the bond was sold at the premium price of $1,037. On February 9, 2022, this bond was selling for $972. The market rate of interest for a riskless corporate bond, of this maturity (i.e., a U.S. Treasury security), was 1.75% on February 9, 2015, which reflected market expectations about future rates of inflation. The market rate of interest for a riskless corporate bond, of this maturity (i.e., a U.S. Treasury security), was 2.05% on February 9, 2022, which reflects market expectations about future rates of inflation. Question: What was the yield to maturity for this bond on February 9, 2015?  [To 2 decimal places.]