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Suppose you buy both a $ 1 , 0 0 0 , 5 % annual coupon bond with a maturity of 8 years and a

Suppose you buy both a $1,000,5% annual coupon bond with a maturity of 8 years and a zero coupon bond with a maturity of 8 years. The yield is 6.25% when you buy them, but changes to 6%. What will the new prices of the bonds be?
Initial Yield 6.25%
New Yield 6.00%
FV of both bonds $1,000
Coupon on coupon bond 5.00%
Term of both bonds 8
The new price of zero coupon bonds will be $
. Round your answer to the nearest two decimal places.
The new price of the bonds that pay coupons will be $
. Round your answer to the nearest two decimal places.

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