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What is the answer to B? YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10 years to maturity, and a

What is the answer to B?
YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10 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. 8.30 % b. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ 974.79

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