A bond has a 1000 par value 7 years to maturity and a 9, Ask an Expert

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A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for $1,095.

What is its yield to maturity (YTM)? Round your answer to two decimal places.

Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92882933

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