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You will receive full credit for your answers only if your solution contains appropriate steps. please show your work. 1 . Eleven years ago, a

You will receive full credit for your answers only if your solution contains appropriate steps. please show your work.
1. Eleven years ago, a company issued a 15-year bond with a $1,000 face value and a 5 percent coupon rate of interest (paid semiannually). If investors require a return equal to 7 percent to invest in similar bonds, what is the current market value of this bond? $931.26
2. A bond currently is selling for $1,006. The bond has a $1,000 maturity value and a coupon rate equal to 7 percent, and it matures in eight years. Interest is paid annually. Compute the bonds yield to maturity today. 6.90%
3. Three years ago, a company issued a 10-year bond with a $1,000 face value and a 5 percent coupon rate of interest. Interest is paid semiannually. This bonds current market price is $800. If the bond can be called in two years for a redemption price of $1,010, what is the bonds yield to call?

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