Question: 4. A $1,000 face value bond has a 7 percent coupon and pays interest semiannually. The bond matures in 10 years and has a yield

4. A $1,000 face value bond has a 7 percent coupon and pays interest semiannually. The bond matures in 10 years and has a yield to maturity (YTM) of 5 percent. What is the current price of the bond? What is the price if the YTM is 9 percent?

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