Question: A bond has a $ 1 , 0 0 0 par value, 1 2 years to maturity, and an 8 % annual coupon and sells

A bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for$980. a. What is its yield to maturity (YTM)?
b. Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today? Please answer using the calculator format

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