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Intro A corporate bond has 18 years to maturity, a face value of $1,000, a coupon rate of 5% and pays coupon twice a year.
Intro A corporate bond has 18 years to maturity, a face value of $1,000, a coupon rate of 5% and pays coupon twice a year. The annual market interest rate for similar bonds is 3.1%. Part 1 Attempt 2/10 for 9 pts. What is the price of the bond (in $)? 0+ decimals Submit 18 Attempt 1/10 for 10 pts. Part 2 2 years later, the market interest rate for similar bonds has gone up to 4.1%. What is the new price of the bond (in $)? 0+ decimals Submit
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