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Suppose that you are considering investing in a four-year bond that has a face value of $1,000 and a coupon rate of 5.3%. a.) If

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Suppose that you are considering investing in a four-year bond that has a face value of $1,000 and a coupon rate of 5.3%. a.) If the market interest rate on similar bonds is 5.3%, the price of the bond is $ 1000. (Round your response to the nearest cent.) The bond's current yield is 5.3 %(Round your response to two decimal places.) b.) Suppose that you purchase the bond, and the next day the market interest rate on similar bonds falls to 4.3%. The price of the bond will be $ 1036.04. (Round your response to the nearest cent.) The current yield will be 5.12 % (Round your response to two decimal places.) c.) Now suppose that one year has gone by since you bought the bond, and you have received the first coupon payment. The market interest rate on similar bonds is still 4.3%. The price of the bond another investor will be willing to pay is $ (Round your response to the nearest cent.)

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