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A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 7.375%.
A bond has ten years until maturity. The face value on the bond is $1,000.00, while the coupon rate attached to the bond is 7.375%. The bond pays coupons on an annual basis. Investors seek a 7.99% return on the bond.
What is the yearly coupon for this bond?
Find the price of the bond based on the yield to maturity.
Find the price of the bond if the yield to maturity changes to 5.00%
Find the price of the bond if the yield to maturity changes to 7.00%
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