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Consider a bond with a face value of $ 1,000. The coupon payment is made semiannually and the yield to maturity on the bond is

Consider a bond with a face value of $ 1,000. The coupon payment is made semiannually and the yield to maturity on the bond is 12% (APR). How much would you pay for the bond if:

The coupon rate is 8% and the remaining time to maturity is 20 years.

The coupon rate is 10% and the remaining time to maturity is 15 years.

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