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Problem 7.01 (Bond Valuation): Not Answered eBOOK . 1. 2. 13. 14. Problem Walk-Through A bond has a $1,000 par value, 8 years to maturity,

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Problem 7.01 (Bond Valuation): Not Answered eBOOK . 1. 2. 13. 14. Problem Walk-Through A bond has a $1,000 par value, 8 years to maturity, and a 7% annual coupon and sells for $980. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % b. Assume that the yield to maturity remains constant for the next two years. What will the price be 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ 15. 16. 17. 18. 19. 20. Check My Worlar

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