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4. Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, aYTM of 6.8 percent, and a current price of $924. The

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4. Ashes Divide Corporation has bonds on the market with 14.5 years to maturity, aYTM of 6.8 percent, and a current price of $924. The bonds make semiannual payments. What must the coupon rate be on these bonds, assuming the par value of Ashes Divide Corporation bonds is $1,000? 5. Bond X is a premium bond making annual payments. The bond pays an 8 percent coupon, has aYTM of 6 percent, and has 13 years to maturity. Bond Y is a discount bond making annual payments. This bond pays a 6 percent coupon, has aYTM of 8 percent, and also has 13 years to maturity. If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? Assuming the par value of these bonds is $1,000

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