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Check My Work (3 remaining) eBook Problem Walk-Through 10 A bond has a $1,000 par value, 10 years to maturity, and an 8% annual coupon

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Check My Work (3 remaining) eBook Problem Walk-Through 10 A bond has a $1,000 par value, 10 years to maturity, and an 8% annual coupon and sells for $980. 11 a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % 12 b. Assume that the yield to maturity remains constant for the next four years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. 13. 14 15. OO

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