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The current price of a bond is $950. It has a face value of $1,000, a maturity date of 2 years and pays a 4%

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The current price of a bond is $950. It has a face value of $1,000, a maturity date of 2 years and pays a 4% coupon rate every year. Calculate the price if the yield is 5%, and when it is 9%. Use linear interpolation to estimate the correct yield. T T T Arial v 3 (12pt) v T- ABC Path: P Words:0

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