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A bond has coupon rate of 5%, YTM of 3%, face value of $1,000, and matures in 8 years.a.What are bond value, current yield, and

A bond has coupon rate of 5%, YTM of 3%, face value of $1,000, and matures in 8 years.a.What are bond value, current yield, and capital gains yield this year?b. What are bond value, current yield, and capital gains yield in 3 years?c.Explain what happens to this bonds value, current yield, and capital gains yield as the bond approaches its maturity date.

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