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One year ago, XYZ Co. issued 20-year bonds at par. The bonds have a coupon rate of 6.03 percent, paid semiannually, and a face value

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One year ago, XYZ Co. issued 20-year bonds at par. The bonds have a coupon rate of 6.03 percent, paid semiannually, and a face value of $1,000. Today, the market yield on these bonds is 7.16 percent. What is the percentage change in the bond price over the past year? Answer to two decimals Suppose ABC Co. issues $13.79 million of 28 year zero coupon bonds today. If investors require a return of 6.92 percent compounded semiannually and all the bonds remain outstanding until they mature, how much (in $ millions) will ABC have to pay to redeem the bonds. Answer in millions to two decimals - ie, if you get $50,268,382, you should enter 50.27

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