Question: 7 h eBook Problem Walk-Through A bond has a $1,000 par value, 15 years to maturity, and an 8% annual coupon and sells for $1,080

7 h

eBook Problem Walk-Through A bond has a $1,000 par value, 15 years to maturity, and an 8% annual coupon and sells for $1,080 a. What is its yield to maturity (UTM)? Round your answer to two decimal places b. Assume that the yield to maturity remains constant for the next 3 years. What will the price be years from today? Do not round Intermediate calaton Round your answer to the nearest cent

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