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IBM plans to issue a $1,000 bond with 10 years to maturity and an annual coupon of $80. Calculate the price of this bond at

IBM plans to issue a $1,000 bond with 10 years to maturity and an annual coupon of $80. Calculate the price of this bond at the time of issuance if:

a) The yield to maturity is 6%.

b) The yield to maturity is 10%.

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