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Consider a 4-year, 5%, semi-annual bond with a 6% yield-to-maturity. a) What is the price of this bond? b) By how much in dollars and

Consider a 4-year, 5%, semi-annual bond with a 6% yield-to-maturity.

a) What is the price of this bond?

b) By how much in dollars and in percentage would the price of the bond change if the maturity changes from 4 to 6 years?

IF POSSIBLE USE A FINANCIAL CALCULATOR

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