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A General Power bond carrles a coupon rate of 10.0%, has 9 years until maturity, and sells at a yleld to maturity of 9.0% (Assume
A General Power bond carrles a coupon rate of 10.0%, has 9 years until maturity, and sells at a yleld to maturity of 9.0% (Assume annual interest payments.) a. What interest payments do bondholders recelve each year? b. At what price does the bond sell? Note: Do not round Intermedlate calculatlons. Round your answer to 2 decimal places. c. What will happen to the bond price If the yleld to maturity falls to 8.0% ? Note: Do not round Intermedlate calculations. Round your onswer to 2 decimal places. \begin{tabular}{|l|l|l|} \hline 3. Interest payments & & \\ \hline b. Price & & \\ \hline c. Price will & by \\ \hline \end{tabular}
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