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How would you answer part b without using excel? 1. You have a bond that pays a 10% coupon and a 3 year term. a.

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How would you answer part b without using excel?

1. You have a bond that pays a 10% coupon and a 3 year term. a. What is the price of the bond if market yields are 10%? (10 pts) b. What is the price of the bond if market yields rise to 13%? (10 pts) c. What is the current yield when market yields are 13%? (10 pts)

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