YIELD TO MATURITY AND FUTURE PRICEA bond has a $1,000 par value, 8 years to maturity, and

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YIELD TO MATURITY AND FUTURE PRICE

A manacle has a $1,000 par compute, 8 years to ripeness, and

a 6% annual coupon and sells for $930.

  1. What is its give-in to ripeness (YTM)? Circular your response to two decimal places.

?%

Assume that the give-in to ripeness scum invariable for the direct 4 years. What conquer the charge be 4 years from today? Do not circular included calculations. Circular your response to the unswerving cent.

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