Question: Hi please help with this homework problem and show work thank you. Suppose you buy a 30 year bond that pays a 6% coupon for

Hi please help with this homework problem and show work thank you.

  1. Suppose you buy a 30 year bond that pays a 6% coupon for the first 15 years and a 8% coupon for the last 15 years. The YTM of this bond is 7%. What is the price of the bond?

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