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Somy Corp issues a 10 year bond with face value of 10,000 currently selling at 7,500 and a coupon rate of 6% paid on semi-annual
Somy Corp issues a 10 year bond with face value of 10,000 currently selling at 7,500 and a coupon rate of 6% paid on semi-annual basis. What is the yield on this investment? If Market rate changes to 8% what is the impact on price? What is the price if market rate changes to 12%?
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