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Problem 12-04 The Shamrock Corporation has just issued a $1,000 par value rero-coupon bond with an 6% yield to maturity, due to mature 19 years

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Problem 12-04 The Shamrock Corporation has just issued a $1,000 par value rero-coupon bond with an 6% yield to maturity, due to mature 19 years from today Costume semiannual compounding). Do not round Intermediate calculations. Round your answers to the nearest cent. a. What is the market price of the bond? $ b. If interest rates remain constant, what will be the price of the bond in five years? $ C. If interest rates rise to 8%, what will be the price or the bond in five years? 5

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