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A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. What is its yield to
A bond has a $1,000 par value, 20 years to maturity, and an 8% 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 5 years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $
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Handbook Of Key Global Financial Markets Institutions And Infrastructure
Authors: Gerard Caprio
1st Edition
0123978734, 9780123978738
