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A four-year coupon bond has face value $1000, coupons of 80, and a YTM of 8% a- what is the bond's current price? b- what

A four-year coupon bond has face value $1000, coupons of 80, and a YTM of 8%

a- what is the bond's current price?

b- what is the bond's future value if coupons can be reinvested each year at YTM= 8% ?

c- what is the bond's annual return?

suppose that next year the interest rate falls to 4%

a- what is the bond's future value?

b- what is the bond's annual return?

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