Question: Please explain the steps and details and mention formulas (2 decimal places) - All interest rates are compounded semi-annually unless it specifically says otherwise! 1.
Please explain the steps and details and mention formulas
(2 decimal places) - All interest rates are compounded semi-annually unless it specifically says otherwise!

1. value: 25.00 points Dmytriw buys a bond with 26 years until maturity. The face value is $10000 and the coupon rate is 2%. a) If the current Interest rate is 7.449999999999999% compounded 1 times per year, what is the price of the bond? b) If Dmytriw Insists on earning at least 6.25%, what price should he be willing to pay for the bond? c) If Tanya pays $300 more than what Dmytriw paid in part b), what interest rate is she earning on her Investment
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