1. A 2 0 - year, 6 . 5 percent coupon bond pays interest annually. The bond...
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1. A year, percent coupon bond pays interest annually. The bond has a face value of $ What is the percentage change in the price of this bond if the market yield to maturity falls to percent from the current rate of percent?
2. You purchased a bond years ago for $ Today the bond is priced at and it matures in years. The bond provides a coupon and pays interest annually. Assuming a par value of $ what is the Yield to Maturity on this bond?
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