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What is the price of a perpetuity that has a coupon of $ 6 5 6 5 per year and a yield to maturity of
What is the price of a perpetuity that has a coupon of
$
per year and a yield to maturity of
The price of the perpetuity is
$
Round to the nearest dollar.
Part
If the yield to maturity
triplestriples
what will happen to the perpetuity's price?
The new price is
$enter your response here.
Round to the nearest dollar.
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