A General Power bond carries a coupon rate of 9 . 0 % , has 9 years
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Question:
A General Power bond carries a coupon rate of has years until maturity, and sells at a yield to maturity of Assume annual interest payments.
What interest payments do bondholders receive each year?
At what price does the bond sell?
Note: Do not round intermediate calculations. Round your answer to decimal places.
What will happen to the bond price if the yield to maturity falls to
Note: Do not round intermediate calculations. Round your answer to decimal places.
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