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Firm Gofast has issued a bond with the following characteristics: Par = $1,000 Time to maturity = 25 years Coupon rate = 7% Semi-annual payments

Firm Gofast has issued a bond with the following characteristics:

Par = $1,000

Time to maturity = 25 years

Coupon rate = 7%

Semi-annual payments

Calculate the price of this bond if the Yield to Maturity is:

7%?

9%?

5% ?

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