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A $1,000 par value bond has a 13 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 10

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A $1,000 par value bond has a 13 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 10 years. Current ylelds on similar bonds are either 4 percent or 16 percent. a. Calculate the price of the band for the four posslbilities. (Use o Financial calculator to arrive at the answers, Do not round intermediote calculations, Round the final answer to 2 decimal places.) b. What is the relationship between price and yield? Price and yleld are related. c. What is the relationship between bond price changes and time to maturity? Bond prices change for a given yield change

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