Question: If a bond's yield to maturity does not change, the return on the bond each year will be equal to the yield to maturity. Confirm

If a bond's yield to maturity does not change, the return on the bond each year will be
equal to the yield to maturity. Confirm this for both a premium and a discount bond
using a 4-year 3 percent coupon bond with annual coupon payments and a face value of
$1,000.
Bond a.Assume the yield to maturity is 2 percent, what is the bond price today, what is the bond price in one year, and what is the rate of return?
Bond b.Assume the yield to maturity is 4 percent, what is the bond price today, what is the bond price in one year, and what is the rate of return?

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