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1. A $1,000 bond has a coupon rate of 4 percent and matures after ten years. a) What is the current price of the bond
1. A $1,000 bond has a coupon rate of 4 percent and matures after ten years. a) What is the current price of the bond if the comparable rate of interest is 4 percent? b) What is the current price of the bond if the comparable rate of interest is 6 percent? 4. If a $1,000 bond with a 5 percent coupon (paid annually) and a maturity date of ten years is selling for $859, what is the current yield and the yield to maturity
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