Question: 1 . ) The ABC Company issued a 2 0 - year bond 1 0 years ago with a face value of $ 1 ,

1.) The ABC Company issued a 20-year bond 10 years ago with a face value of $1,000. The bond pays interest semiannually at an 8% annual rate (Assume semi-annual compounding)
a. What is the bond's price today if the interest rate on comparable new issues is 10%?
b. What would be the yield if the bond is selling at $1150?
1.) The ABC Company issued a 20-year bond 10 years ago

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