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5. Find the price today of a four year bond that has a 10 percent coupon and a 11 percent per year yield to maturity

5. Find the price today of a four year bond that has a 10 percent coupon and a 11 percent per year yield to maturity if the bond payments are made annually and the face value is $1000.

6. Suppose the bond in problem 5 sells for $990. What is its IRR? Please use excel and show formulas

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