Assignment: Homework - Chapter 7: Bond Valuation Assignment Score: 0.00 Questions Problem 7.02 (Yield to Maturity and Future Price) Question 2 of 10 1. Check My Work ( 3 remaining) 2. 3. 4 . A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980. 5. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. 6. % 7. b. Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today? Do not round intermediat 8. calculations. Round your answer to the nearest cent. Check My Work (3 remaining) Madsen Motors's bonds have 24 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 11%; and the yield to maturity is 9%. What is the bond's current market price? Round your answer to the nearest cent. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 11% semiannual coupon, 7 years to maturity, and a 7% YTM. What is the bond's price? Round your answer to the nearest cent