Question: step by step (4 pts) CVS issues a 10 -year 6.204% coupon bond with annual payment. The par value is $1,000 and the bond is
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(4 pts) CVS issues a 10 -year 6.204% coupon bond with annual payment. The par value is $1,000 and the bond is currently selling for $1,160. a. What is the bond's yield to maturity? (1 pts) b. What is its current yield? (1 pts) c. What should the bond's price be in one year, assuming no change in YTM in one year? (2 pts)
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