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    YTM Problem

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    I have a bond that matures in 10 years and sells for 985. the face value is $1,000 with 7% annual coupon, I know how to get the current yield which is 7.107% and the Yield at the maturity is 7.126% but I don't know how to figure out the price of the bond when the maturity remains constant for three years exactly from today? 4/20/07- 4/20/2010?

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    https://brainmass.com/business/bond-valuation/ytm-problem-126330

    Solution Summary

    Figure out the price of the bond when the maturity remains constant for three years exactly from today.

    $2.19

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