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 3.3 percent coupon bond with annual coupon payments and a face value of $1,000. a. Assume the yield to maturity is 2.3 percent. What is the current value of the bond?

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