Question: A bond has a $ 1 0 0 0 par value, 9 years to maturity, a 1 0 % annual coupon, and sells for $

A bond has a $1000 par value, 9 years to maturity, a 10% annual coupon, and sells for $1150.
a. What is its yield to maturity?
b. If this bond paid its coupon semiannually, what would the yield to maturity be?
c. If the coupon is annual, and the yield to maturity remains constant for 5 years, what will the price be 5 years from today?

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