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Comco Inc issued bonds that have a 8.5% coupon rate, payable semiannually. The bonds mature in 12 years, have a $1,000 face value and a

Comco Inc issued bonds that have a 8.5% coupon rate, payable semiannually. The bonds mature in 12 years, have a $1,000 face value and a 12% yield to maturity.

1.. What is the price of the bonds?

2. Exactly two years later, you observe the bonds trading at $925, what is the yield to maturity?

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