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1. A 20-year maturity, $1,000 face value bond has a 9% annual coupon, and a yield to maturity of 8%. What is the price of
1. A 20-year maturity, $1,000 face value bond has a 9% annual coupon, and a yield to maturity of 8%. What is the price of the bond?
2.A 30-year, $1,000 par value bond has a 7% annual coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
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