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(Solved by Expert Tutors) YIELD TO MATURITY AND FUTURE PRICEA bond has a $1,000 par



YIELD TO MATURITY AND FUTURE PRICEA bond has a $1,000 par

value, 12 years to maturity, and an 8% annual coupon and sells for $980.


a. What is its yield to maturity (YTM)?


b. Assume that the yield to maturity remains constant for the next three years. What will
the price be 3 years from today?

 

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Apr 19, 2020

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