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A General Power bond with a face value of exist1,000 carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a

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A General Power bond with a face value of exist1,000 carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a yield to maturity of 8.5%. (Assume annual interest payments.) a. What interest payments do bondholders receive each year? Interest payments exist b. At what price does the bond sell? Price exist c. What will happen to the bond price if the yield to maturity falls to 7.5%? Price will by exist

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