Question: Points given for fast correct answers thank you! YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 20 years to maturity,

Points given for fast correct answers thank you!

YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 20 years to maturity, and a 5% annual coupon and sells for $860. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. ume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediat b. Ass e calculations. Round your answer to the nearest cent

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