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General Electric has an outstanding bond that paid quarterly interest with an annual coupon of 4.25%, with a yield to maturity (required rate of return)

General Electric has an outstanding bond that paid quarterlyinterest with an annual coupon of 4.25%, with a yield to maturity (required rate of return) of 3.85% and a maturity date of March 15, 2029

  1. What is the price (as a percentage of principal) of the bond with a settlement date of March 15th, 2019? If the yield (required rate of return) of this bond goes up 75 basis points what would the new price be?

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