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Consider three bonds with 5 . 7 6 % coupon rates, all selling at face value. The short - term bond has a maturity of

Consider three bonds with 5.76% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years.
a.
What will be the price of each bond if their yields increase to 6.6%?(Do not round intermediate calculations. Round your answers to 2 decimal places.)
4 Years 8 Years 30 Years
Bond price $
$
$
$
b.
What will be the price of each bond if their yields decrease to 4.9

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