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rjr corp issued a 6% 10 year bond exactly one year ago for a market price of $1000. a) if the current market interest rate

rjr corp issued a 6% 10 year bond exactly one year ago for a market price of $1000. a) if the current market interest rate for this class of bond has risen to 8%, what is the value of the bond right now? b) What was the yield to maturity of the bond one year ago? Show work.

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