Yield to Maturity Heymann Company bonds have 4 years left to maturity. Interest is paid annually and the bonds have a $1 000 par value and a coupon rate of 9 percent.A) What is the yield to maturity at a current market price of (1) $829 or (2) $1 104?B) Would you pay $829 for each bond if you thought that a “fair” market interest rate for each bond was 12 percent—that is if rd = 12percent? Explain your answer?Price and yield An 8 percent semiannual coupon bond matures in 5 years. The bond has a face value of $1 000 and the current yield of 8.21 percent. What are the bond’s price and YTM?