Question: Consider a bond with a $1000 face value, 20 years to maturity and an annual coupon rate of 10%. Determine the bond price in each

Consider a bond with a $1000 face value, 20 years to maturity and an annual coupon rate of 10%. Determine the bond price in each of the following cases. a. the bonds yield to maturity is 11% b. the bonds yield to maturity is 9%

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