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1.A 6-year, $1000 face value bond makes annual payments and has a coupon rate of 11.2 percent. If the current yield on the bond is

1.A 6-year, $1000 face value bond makes annual payments and has a coupon rate of 11.2 percent.

If the current yield on the bond is 10.7 percent, what is the bonds price?

Answer : 1,046.73

2. Suppose that a year from now the bond sells at a yield to maturity of 11.2 percent. What is the price of the bond? Enter your answer rounded to two decimal places.

Answer Q2 please

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