A 66 coupon 9-year annual bond has a yield to maturity of


A 6.6% coupon, 9-year annual bond has a yield to maturity of 5.8%. Assuming the par value is $1,000 and the YTM does not change over the next year, what will the price of the bond be today? What will the bond price be in one year? What is the capital gains yield for this bond?

(please show work/formulas)

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Financial Management: A 66 coupon 9-year annual bond has a yield to maturity of
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