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Firm A issues ten-year bonds with a par value of USD $1,000 and the coupon rate of 15%. Assuming the market interest rate is 15%,

Firm A issues ten-year bonds with a par value of USD $1,000 and the coupon rate of 15%. Assuming the market interest rate is 15%, calculate the bond price? If after 1 year, the market interest rate drops to 10%, how much is the bond price? Similarly, if the required rate of return increases to 20%, calculate the bond price

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