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Assignment Score: 60.00% Save Submit Assignment for Grading Problem 7.02 (Yield to Maturity and Future Price) Question 9 of 20 > Check My Work (3
Assignment Score: 60.00% Save Submit Assignment for Grading Problem 7.02 (Yield to Maturity and Future Price) Question 9 of 20 > Check My Work (3 remaining) eBook Problem Walk Through A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % b. Assume that the yield to maturity remains constant for the next five years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ Check My Work (3 remaining) Icon Key Problem 7.02 (Yield to Maturity and Future Price) Question 9 of 20 o Bi 99+ A co 3:55 10/20
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