Question: A bond has $1,000 face value, 12 years to maturity, and 8.40% annual coupon rate with coupons paid semiannually. The bond is selling today for

A bond has $1,000 face value, 12 years to maturity, and

A bond has $1,000 face value, 12 years to maturity, and 8.40% annual coupon rate with coupons paid semiannually. The bond is selling today for $975. What is this bond's yield to maturity (YTM, I/Y in the financial calculator)? 09.12% O 8.74% 8.64% O 8.12% Question 8 1.56 pt Same facts as above. If the yield to maturity of the bond remains the same for the next 7 years, what will be the price of the bond 7 years from today? O $975.00 $978.12 $991.16 $986.44

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