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Problems 17. A bond has a coupon rate of 9% and a par value of $1,000. The 20 year bond was issued 5 years ago

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Problems 17. A bond has a coupon rate of 9% and a par value of $1,000. The 20 year bond was issued 5 years ago and payments are semiannual. If the required return on the bonds is 6%, what is the bond's expected price today? 18. A bond has 10 years remaining until maturity. It offers a 7.5% coupon with semiannual interest payments. The par value is $1,000, and the current bond price is $890. What is the bond's yield to maturity

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