Question: Consider a 6 % - annual coupon bond, with a 3 0 - year time - to - maturity and a face value of $

Consider a 6%-annual coupon bond, with a 30-year time-to-maturity and a face value of $1,000
that you buy right now. At the time of the purchase the YTM is 10%. Your plan is to sell the bond
immediately before you receive the 28
th coupon payment. The YTM is expected to remain
constant.
What is the minimum selling price for the bond at the time of the sale? [Question 1]
What is the maximum purchasing price for the bond if someone wants to buy it immediately after
the 28th coupon was paid out? [Question 2]
What is the duration at the time of this purchase? [Question 3]

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