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A bend has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and selis for 3980. a. What is iss vield

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A bend has a $1,000 par value, 12 years to maturity, and an 8% annual coupon and selis for 3980. a. What is iss vield to maturity (YTM)? Round your answer to two decimal places. b. Assume that the yield to moturity rensins constant for the next two years. What will the price be 2 years from today? Do not round intermediate calaulations, found your answer to the nearest cent

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