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15. Assume a 30-year bond, par value $1000, with a 6% coupon paid semiannually. a. If interest rates rise to 8%, what is the bonds
15. Assume a 30-year bond, par value $1000, with a 6% coupon paid semiannually. a. If interest rates rise to 8%, what is the bonds value (hint: remember it pays out semiannually)? b. If interest rates fall to 4%, what is the bonds value?
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