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Intro A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays interest twice a year.
Intro A corporate bond has 19 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays interest twice a year. The annual market interest rate for similar bonds is 3.4%. Part 1 Attempt 2/6 for 10 pts. What is the price of the bond (in $)? 0+ decimals Submit Attempt 1/6 for 10 pts. Part 2 2 years later, the market interest rate for similar bonds has gone up to 4.4%. What is the new price of the bond (in $)? 0+ decimals Submit
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