Question: Please see the attached assignment. This is for a graduate course in MGMT 640 Financial Management. You must show all work and answer each question

Please see the attached assignment. This is for a graduate course in MGMT 640 Financial Management. You must show all work and answer each question on a graduate course level.

Avalon Inc. offers a 6 percent coupon bond that has a $1,000 par value, semiannual coupon payments and a yield to maturity of 5.25 percent. The bond matures in 9 years. What is the price of the bond? What will happen to the price if market interest rates rise to 6.45 percent? Based on your answers, what can you say about the relationship between the price of a bond and the market interest rate? Please show how you arrived at the answers
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