. A bond that matures in 10 years sells for $925. The bond has a face value...
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Question:
. A bond that matures in 10 years sells for $925. The bond has a face value of $1,000 andan 8 percent annual coupon.
i. What is the bonds current yield?
ii. What is the bonds YTM?
iii. Assume the YTM remains the same for the next three years, what will be the priceof the bond three years from today?
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