Question: 2. Problem 702 Click here to read the eBook: Bond Yields Problem Walk-Through YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par

2. Problem 702 Click here to read the eBook: Bond Yields Problem Walk-Through YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value. 20 years to maturity, and a 5% annual coupon and sells for $860 a. What is its yield to maturity (YTM)? Round your answer to two decimal places b. Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today? Do not round Intermediate calculations, Round your answer to the nearest cont. Grade It Now Save & Continue Continue without saving

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