What is its yield to maturity ytmassume that the yield to

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A bond has a $1000 par value, 10 years to maturity, and a 7% annual coupon adn sells for $985.

A. What is its yield to maturity (YTM)?

B. Assume that the yield to maturity remains constant for the next 3 years. What will the pricebe 3 years from today?

Reference no: EM13616838

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