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A bond has a $1,000 par value, 10 years to maturity, and a 8% annual coupon and sells for $980. What is its yield to
A bond has a $1,000 par value, 10 years to maturity, and a 8% annual coupon and sells for $980.
- What is its yield to maturity (YTM)? Round your answer to two decimal places.
%
- Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today? Round your answer to the nearest cent.
$
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
