Question: 1. Problem 7.02 (Yield to Maturity and Future Price) Problem Walk-Through A bond has a $1,000 per value, 12 years to maturity, and a

1. Problem 7.02 (Yield to Maturity and Future Price) Problem Walk-Through A bond has a $1,000 per value, 12 years to maturity, and a 9% annual coupon and sells for $1,110. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. 7.57% b. Assume that the yield to maturity remains constant for the next four years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

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