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There is a bond that pays an annual coupon of $60 and has 15 years until maturity. The par value is $1000. The YTM at

There is a bond that pays an annual coupon of $60 and has 15 years until maturity. The par value is $1000. The YTM at the time of purchase was 7% but has risen to 8%. Compare the bond prices before and after the interest rate change.

What is the price of a U.S. Treasury Bill offering $10,000 in 13 weeks if the required rate of return is 0.95%.

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