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adsen Motors's bonds have 14 years remaining to maturity. Interest is paid annually, they have a...

adsen Motors's bonds have 14 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 15%. What is the bond's current market price? Round your answer to the nearest cent.

A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985.

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

        %

  2. Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

    $  

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