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Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1000. Suppose that 1 year after issue the going market

Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1000. Suppose that 1 year after issue the going market interest rate is 10%. What would the price of the bonds be?

Harrimon Industries bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9%. What is the YTM at a current market price of $829?

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