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eBook 1 Problem Walk-Through A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for $1,095, 2.

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eBook 1 Problem Walk-Through A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for $1,095, 2. What is its yield to maturity (YTM)? Round your answer to two decimal places 7.22 % 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

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