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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 coupon rates, all selling at face value. The shortterm bond has a maturity of years, the intermediateterm bond has maturity years, and the longterm bond has maturity years.
a
What will be the price of each bond if their yields increase to Do not round intermediate calculations. Round your answers to decimal places.
Years Years Years
Bond price $
$
$
$
b
What will be the price of each bond if their yields decrease to
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