You own a $1,000-par zero-coupon bond that has 5 years of remaining maturity. You plan on selling the bond in one year and believe that the required yield next year will have the following probability distribution:ProbabilityRequired Yield0.16.60%0.26.75%0.47.00%0.27.20%0.17.45%a. What is your expected price when you sell the bond?b. What is the standard deviation?How to calculate the price in the solution for instance ( 774.41, 770.07, 762.90 etc)

You own a $1,000-par zero-coupon bond that has 5 years of remaining maturity. You plan on selling the bond in one year and believe that the required yield next year will have the following probability distribution:ProbabilityRequired Yield0.16.60%0.26.75%0.47.00%0.27.20%0.17.45%a. What is your expected price when you sell the bond?b. What is the standard deviation?How to calculate the price in the solution for instance ( 774.41, 770.07, 762.90 etc)

You own a $1,000-par zero-coupon bond that has 5 years of remaining maturity. You plan on selling the bond in one year and believe that the required yield next year will have the following probability distribution:ProbabilityRequired Yield0.16.60%0.26.75%0.47.00%0.27.20%0.17.45%a. What is your expected price when you sell the bond?b. What is the standard deviation?How to calculate the price in the solution for instance ( 774.41, 770.07, 762.90 etc)