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Problem 7.02 s Question 5c Check My Work (2 remainin O Click here to read the eBook: Bond Yields Problem Walk-Through YIELD TO MATURITY AND

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Problem 7.02 s Question 5c Check My Work (2 remainin O Click here to read the eBook: Bond Yields Problem Walk-Through YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 12 years to maturity, and a 8% 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 4 years. What will the price be 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. Check My Work (2 remaining) O Icen Key

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