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eBook Problem Walk-Through bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. a. What is

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eBook Problem Walk-Through bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. a. What is its yield to maturity (VTM)? Round your answer to two decimal places % b. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to nearest cent $

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