Question: A $10,000 face-value bond with a 10-year term-to-maturity and an 8% coupon rate currently sells at a price that produces an 8% yield-to-maturity. What is

A $10,000 face-value bond with a 10-year term-to-maturity and an 8% rate currently sells at a price that produces an 8% yield-to-maturity. What is the bond's price? Calculate the bond's price if its yield rises to 10%; if its yield falls to 5%.

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