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Q28) A 7.05% coupon, 16.0 -year annual bond has a yield to maturity of 3.14%. Assuming the par value is 1,000 and the YTM does

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Q28) A 7.05% coupon, 16.0 -year annual bond has a yield to maturity of 3.14%. Assuming the par value is 1,000 and the YTM does not change over the next year, Compute the following: a) Price of the bond today (1 point): b) Price of the bond in one year (1 point): c) Capital gains yield (1 point): d) Current Yield (1 point)

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