Question: I WILL LIKE FOR FAST REPLY A bond with a Face value of $1,000, a 10.5% annual coupon and 19 years to maturity. Current YTM

I WILL LIKE FOR FAST REPLY

A bond with a Face value of $1,000, a 10.5% annual coupon and 19 years to maturity. Current YTM is 8%. A. What is the current market value of the bond? (4 marks) B. In two years the bond is selling for $950. What is the YTM at this time? (2 marks)

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