Constant Maturity Yield A Bond That Matures In 10 Years Sells For $985. The Bond Has A Face Value Of $1,000 And A 7 Percent Annual?

A bond that matures in 10 years sells for $985. The bond has a face value of $1,000 and a 7 percent annual? - constant maturity yield

A bond that matures in 10 years sold for 985 $. The bond has a par value of $ 1,000 and an annual coupon of 7 percent.

a. What is the current performance of the obligation?

b. What is the yield to maturity (YTM)?

c. Suppose that the yield to maturity is the next 3 years is constant. What will the price of the bond of 3 years?