Question: Please, explain IN DETAILS ALL THE STEPS . ABC Corporation has issued bonds that have 4% annual coupon rate paid semiannually. The bonds mature in

Please, explain IN DETAILS ALL THE STEPS. ABC Corporation has issued bondsPlease, explain IN DETAILS ALL THE STEPS.

ABC Corporation has issued bonds that have 4% annual coupon rate paid semiannually. The bonds mature in 4 years, have a face value of $1000 and a yield to maturity of 8%. What is the value of these bonds 2 years from now? How the bond value will be changing over years till maturity (decrease, increase, stay constant)

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