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A bond has a $ 1 , 0 0 0 par value, 1 2 years to maturity, and an 8 % annual coupon and sells

A bond has a $ $1, 000$ 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? Please answer using the calculator format

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