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Suppose a 1 0 - year, $ 1 0 0 0 bond with an 8 % coupon rate is trading for a price of $

Suppose a

10 -

year, $

1000

bond with an

8 %

coupon rate is trading for a price of $

1034.74 .

)

What is the bonds yield to maturity?b

)

If the bonds yield to maturity changes to

9 %,

what will the bonds price be

?

solve in excel

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