What is the yield to maturity assume that yield to maturity

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YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985.

Question a. What is its yield to maturity (YTM)?

Question b. Assume that the yield to maturity remains

Reference no: EM132569701

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