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A $1,000 bond has a coupon of 8 percent and matures after ten years. Assume that the bond pays interest annually a. What would be

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A $1,000 bond has a coupon of 8 percent and matures after ten years. Assume that the bond pays interest annually a. What would be the bond's price if comparable debt yields 10 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. b. What would be the price if comparable debt yields 10 percent and the bond matures after five years? Use Appendix B and Appendix D to answer the question Round your answer to the nearest dollar. c.Why are the prices different in a and b The price of the bond in a is Select than the price of the bond in b as the d. What are the current yields and the yields to maturity in a and b? Round your answers to two decimal places. interest payments for a longer period of time CY: CY

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