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Please solve this. If you use excel, please show the show the clicks you use and explain each step. A bond has a maturity of

Please solve this. If you use excel, please show the show the clicks you use and explain each step.

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A bond has a maturity of 10 years and pays its 4% coupon every six months. The principal is paid at maturity. Currently the price is $100. If its yield to maturity increases by 1%, what will the new price of the bond be? Choose the answer below that is closest to the actual new price. $104.00 $108.75 $91.65 096.75

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