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Can you solve for me those all of questions plz? 7. Garry buys a 10-year bond with a face value of $1,000 today. The bond

Can you solve for me those all of questions plz? image text in transcribed
7. Garry buys a 10-year bond with a face value of $1,000 today. The bond pays sem coupon at 4% p.a.(nominal). Garry gets a yield of 5% paominal) if he holds the bond to maturity. 4 years later, immediately after Garry receives the coupon payment, he sells the bond to Linsey who gets a yield of 6% pa(nominal) if holding the bond to maturity. a) Calculate how much does Garry pay for the bond today. (Correct to the nearest cent) (2 marks) Calculate how much does Linsey pay in 4 years for the bond. (Correct to the nearest cent.) (2 marks) b)

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