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You just purchased a bond which matures in n years. The bond has a face value of $1,000, and has the coupon rate noted with

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You just purchased a bond which matures in n years. The bond has a face value of $1,000, and has the coupon rate noted with annual coupon payments. Given the current yield below, what is the bond's yield to maturity? INPUT DATA m M $1,000 1 8 Current Yield 7.82% Coupon 8.00% YTM n Suppose Turner Enterprises sold an issue of bonds with the following original maturity (n), par value (M), coupon rate, and semiannual interest payments. Two years after the bonds were issued, the going rate of interest on bonds such as these rose to 14%. At what price would the bonds sell? At what price would the bonds sell if the interest rate had fallen to 9%? n 0 m INPUT DATA Par $1,000 B 2 year 2 9.00% coupon rate 0.00% rdza 14.00% r d2b

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