Question: Given a five-year, 8% coupon bond with a face value of $1,000 and coupon payments made annually: a. [1.5pts] What is the bond value if

Given a five-year, 8% coupon bond with a face value of $1,000 and coupon payments made annually: a. [1.5pts] What is the bond value if it is trading at the yield of 6%? b. [1.5pts] What is the bond value if it is trading at the yield of 8%? c. [1.5pts] What is the bond value if it is trading at the yield of 10%? d. [1.5pts] Comment on the price and yield relation you observe. What are the percentage changes in value when the yield goes from 6% to 8% and when it goes from 8% to 10%

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