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17. A $1,000 par value bond has a 6 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or

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17. A $1,000 par value bond has a 6 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 20 years. Current yields on similar bonds are either 4 percent or 8 percent. a. Calculate the price of the bond for the four possibilities. b. What is the relationship between price and yield? c. What is the relationship between bond price changes and time to maturity

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