[See Solution] Current yield and yield to maturity: A bond has a $1,000 par value, 10 years to maturity, a 7 percent annual coupon, and sells for $985.
Question: Current yield and yield to maturity:
A bond has a $1,000 par value, 10 years to maturity,
a 7 percent annual coupon, and sells for $985.
- What is its current yield?
- What is its yield to maturity (YTM)?
c. Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today?
Deliverable: Word Document 
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[Solution Library] Using any financial calculator, we use the
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