Question: A bond has a $1,000 par value, 12 years to maturity, and a 9% arnual coupon and sells for $1,110. a. What is its viesd

A bond has a $1,000 par value, 12 years to maturity, and a 9% arnual coupon and sells for $1,110. a. What is its viesd to maturity (YTM)? Pound rour answer to two decinal placies. b. Ascume that the viedd to maturity remairs constant for the next four rears. What wil the price be 4 yeurs from today? Do not round intermediate caloulations. Round your ahswer to the nearest cert

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