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Ultra Air's bonds have a 12-year maturity, a 11% coupon, paid semiannually, and a par value of $1,000. a. What is the bond's value (in

Ultra Air's bonds have a 12-year maturity, a 11% coupon, paid semiannually, and a par value of $1,000.

a. What is the bond's value (in $) if the required return (YTM) is 4%?

b. What is the bond's value (in $) if the required return (YTM) is 5%?

c. What is the bond's value (in $) if the required return (YTM) is 3%?

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