Question: A $10,000 - 5 year bond has a coupon rate of 6.5% semi annually. Yesterday it was rated triple B with a market rate of

  1. A $10,000 - 5 year bond has a coupon rate of 6.5% semi annually. Yesterday it was rated triple B with a market rate of 7.15%. Today it was upgraded to single A with a market rate of 6.4%.

  1. What was yesterdays bond price?
  2. What is todays bond price?

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