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1. 16 years ago you bought a corporate bond for $1,000. It was a 20 year bond with a coupon of 6%. Today, a similar

1. 16 years ago you bought a corporate bond for $1,000. It was a 20 year bond with a coupon of 6%. Today, a similar bond has an 8% coupon. What is the value of the bond?

2. See problem two above I am changing one thing: 4 years ago you bought the bond what is the value now?

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