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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
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)? b. Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent
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