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a) Find the bond price of a bond with a coupon rate of 8% (annually) with a face value of $1,000 and maturity of 6

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a) Find the bond price of a bond with a coupon rate of 8% (annually) with a face value of $1,000 and maturity of 6 years? Assume that bonds of similar risk offer an annual interest rate of 7.6% (market risk) paid semiannually. b) Two years later the market rate of bonds with similar risk to the bond above is 9%. At that time, what would be the price of the bond, and would the bond sell at par, discount, or premium? c) Discuss the advantages and disadvantages of selling the bond at that time

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