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King Fisher has issued a bond with the following characteristics: Par $1,000 Time to maturity: 15 years Coupon rate: 7 percent Semiannual payments Calculate the

King Fisher has issued a bond with the following characteristics:
Par $1,000
Time to maturity: 15 years
Coupon rate: 7 percent
Semiannual payments
Calculate the price of the bond if the YTM is:
Settlement date 1/1/00 Maturity date 1/1/15 Annual coupon rate 7.00% Coupons per year 2 a) Yield to maturity 8% b) Yield to maturity 10% c) Yield to maturity 12% Output area: a ) Price b) Price c) Price

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