Yield to maturity and future price

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Reference no: EM131960303

A bond has a $1,000 par value, 12 years to maturity, and a 9% annual coupon and sells for $1,110.

What is its yield to maturity (YTM)? Round your answer to two decimal places. %

Assume that the yield to maturity remains constant for the next 2 years. What will the price be 2 years from today? Round your answer to the nearest cent. $

Reference no: EM131960303

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