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problem: Current Yield and yield to maturity. A bond has a $1,000 par value, 10 years to maturity, a 7% annual coupon, & sells for $985.

[A] find out its yield to maturity (YTM).

[B] find out its current yield

[C] Suppose that the yield to maturity remains constant for the next three years. Determine the price be three years from today?

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