Question: please answer a and b 1) A bond has a coupon rate of 3.74 percent and semiannual payments. The bond matures in 15 years, with

please answer a and b please answer a and b 1) A bond has a coupon rate

1) A bond has a coupon rate of 3.74 percent and semiannual payments. The bond matures in 15 years, with a yield to maturity of 3.24 percent, and a par value of $6000. a) Without any calculation, is the price more or less than $6000 ? Why? b) What is the price of the bond? Use Excel and copy the function itself that you used to calculate it

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