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BOND PRICE OVER TIME Xunxi bought a 1 0 - year bond with a par value of $ 1 , 0 0 0 , which
BOND PRICE OVER TIME Xunxi bought a year bond with a par value of $ which pays annual coupon, at a price of $ The coupon rate of this bond is After holding this bond for years, he sold it when the prevailing yield to maturity of this bond was
a Calculate the yield to maturity of the bond when Xunxi bought it
b Calculate the price that he sold the bond for.
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