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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
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 matunty (YTM)? Round your answer to two decimal places b. Assume that the yield to maturity remains constant for the next four years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
