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A bond has a $1,000 par value, 12 years to maturity, and a 99 annual coupot and sells for $1,110 a. What is its vield

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A bond has a $1,000 par value, 12 years to maturity, and a 99 annual coupot and sells for $1,110 a. What is its vield to maturity CYTM)? Round your answer to two decimal places: b. Assume that the viet to maturity remains constant for the next 3 years. What wil the price be 3 years from today? Do not round intermediate calculations, Round your answer to the nearest cent 5

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