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Consider the two bonds above. There is an increase in the YTM of 2% for both bonds. Using the excel sheet (sheet- Question 22), answer
Consider the two bonds above. There is an increase in the YTM of 2% for both bonds. Using the excel sheet (sheet- Question 22), answer the following questions.
1. What was the initial bond price for both of the bonds? (8 points)
2. What is the bond price after the change in YTM? (8 points)
3. Calculate the change in the bonds' price (4 points)
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