Question: Problem 6-17 Bond Returns (LO2, 3) A bond with a face value of $1,000 has annually 10 years until maturity, carries a coupon rate of

Problem 6-17 Bond Returns (LO2, 3) A bond with a face value of $1,000 has annually 10 years until maturity, carries a coupon rate of 8.3%, and sells for $1,170 Interest is paid a. If the bond has a yield to maturity of 9.7% 1 year from now, what will it calculations.Round your anser to nearest whole number.) s price be at that time? (Do not round intermediate Pnce b. What will be the annual rate of return on the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative emount should be indicated by a minus sign.) Rate of retun

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