Now it's time for you to practice what you've learned. Suppose your friend is debating purchasing a bond that has a $1,000 par value, 11 years to maturity, and a 5% annual coupon. Your friend would like to determine the yield to maturity if the bond sells for a price of $1,178. What is the yield to maturity for this bond? 1.3% 1.66% 3.07% 4.36% Assume the yield to maturity remains constant over the next four years. What will the price of the bond be four years from now? $1,050 $1,120.00 $1,155.27 $1,178