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A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110. What is its yield to
A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110.
- 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? Do not round intermediate calculations. Round your answer to the nearest cent.
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
