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Part 4 0f Assignment 70000 Can you please answer the following questions - (Show me the steps please, do not show me in excel. In

Part 4 0f Assignment 70000

Can you please answer the following questions -

(Show me the steps please, do not show me in excel. In have to do it by hand)

Problem 6

A 9.1% coupon, 24-year annual bond has a yield to maturity of 8.1%. Assuming the par value is $1,000 and the YTM does not change over the next year, what will the price of the bond be today? What will the bond price be in one year? What is the capital gains yield for this bond?

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