Yield to maturity and future pricea bond has a 1000 par, Ask an Expert

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Yield to Maturity and Future price.

A bond has a 1000 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92396787

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