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Use the yield curve to estimate the price on a bond with 15 years to maturity, a BB rating and a coupon rate of 7.8%

Use the yield curve to estimate the price on a bond with 15 years to maturity, a BB rating and a coupon rate of 7.8% with coupons paid semiannually. Assume a face value of $1000. Please show your work.image text in transcribed

10 7.5 A A A ++ 7 1 1 - Rate 5 SA 4 T 2.5 1 0 2Y 5Y 10Y 20Y IM 6M 3M 1 7Y 15Y 30Y Term 1 USD - All Corporates - BB - All In Yield - Semi-Annual Compounding - 09/13/2 -- USD - All Corporates - BBB - All In Yield - Semi-Annual Compounding - 09/13) - USD - All Corporates - B - All In Yield - Semi-Annual Compounding - 09/13/26

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