Question: YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for

YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for $1,095. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % b. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 8 years to maturity, and a 6% annual coupon and sells for $930. a. What is its yield to maturity (YTM)? Round your answer to two decimal places b. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediate calculations Round your answer to the nearest cent
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