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1) A bond offers a coupon rate of 6%, paid annually, and has a maturity of 19 years. If the current market yield is 4%

1) A bond offers a coupon rate of 6%, paid annually, and has a maturity of 19 years. If the current market yield is 4% (discount rate), what should be the price of this bond?

2) A bond offers a coupon rate of 8%, paid annually, and has a maturity of 6 years. If the current market yield is 9%, what should be the price of this bond?

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