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Suppose a 10 -year, $1000 bond with an 8% coupon rate is trading for a price of $1034.74. a) What is the bond's yield to
Suppose a 10 -year, $1000 bond with an 8% coupon rate is trading for a price of $1034.74. a) What is the bond's yield to maturity? b) If the bond's yield to maturity changes to 9%, what will the bond's price be? Suppose a seven-year, $1000 bond with an 8% coupon rate is trading with a yield to maturity of 6.75% a) Is this bond currently trading at a discount, at par, or at a premium? Explain. b) If the yield to maturity of the bond rises to 7%, what price will the bond trade for
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