Question: eBook Problem Walk-Through bond has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and sells for $980. a. What is

eBook Problem Walk-Through 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)? Round your answer to two decimal places. b. Assume that the yield to maturity remains constant for the next five years. What will the price be 5 years from today? Do not found intermediate calculations. Round you answer to the nearest cent. Save & Can Continue without saying

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