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Question 13: Derivation Inc. has a bond with the following characteristics: Par: $1,000 Time to maturity: 30 years Coupon Rate: 5.5%, semi-annual payments Yield to

Question 13:

Derivation Inc. has a bond with the following characteristics:

Par: $1,000
Time to maturity: 30 years
Coupon Rate: 5.5%, semi-annual payments
Yield to maturity: 3%

13.1: Calculate the price of the bond. (Enter a positive value and round to 2 decimals)

13.2: Now calculate with yield to maturity at 4%.

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