2. Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $800. In the table provided below, calculate and enter either the interest rate that the bond would yield to a bond buyer at each of the bond prices listed or the bond price at each of the interest yields shown. What generalization can be drawn from the completed table? LO16.1

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Bond Price $ 8,000 $10,000 $11,000 Interest Yield, % 8.9 6.2