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1. 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

1. 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 2 years. What will the price be 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

Please answer all parts. Thank you in advamce.

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