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Consider a five-year, default-free bond with annual coupons of 8% and a face value of $1000. a. Without doing any calculations, determine whether this bond

Consider a five-year, default-free bond with annual coupons of 8% and a face value of $1000. a. Without doing any calculations, determine whether this bond is trading at a premium or at a discount. Explain. b. What is the yield to maturity on this bond? c. If the yield to maturity on this bond increased to 8.20% , what would the new price be

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