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A 15-year, $1,000 par value bond has a 6.0% annual coupon payment. The bond currently sells for $935. (1) What is the yield to maturity

A 15-year, $1,000 par value bond has a 6.0% annual coupon payment. The bond currently sells for $935.

(1) What is the yield to maturity (YTM) of the bond?

(2) If the yield to maturity remains at its current rate, what will the price be 10 years from now?

(1) 6.70% (2) $935.02

(1) 6.00% (2) $1,000

(1) 6.42% (2) $982.51

(1) 3.35% (2) $1,222.07

(1) 6.70% (2) $971.07

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