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Please help with these two questions You have purchased a 12% coupon bond for $1,020. What will happen to the bond's price if market interest
Please help with these two questions
You have purchased a 12% coupon bond for $1,020. What will happen to the bond's price if market interest rates rise? If market interest rates rise, the bond's price will (Select from the drop-down menu.) Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.5% (annual payments). The yield to maturity on this bond when it was issued was 6.2%. What was the price of this bond when it was issued? When it was issued, the price of the bond was $ (Round to the nearest cent.)
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