Question: PPlease answer part c A $1,000 maturity value bond currently has 9 years left to maturity. The bond has a 6% coupon rate and pays

PPlease answer part c A $1,000 maturity value bond currently has 9 years left to maturity. The bond has a 6% coupon rate and PPlease answer part c

A $1,000 maturity value bond currently has 9 years left to maturity. The bond has a 6% coupon rate and pays interest annually. (5) a. If you want to earn a 7% rate of return, how much would you be willing to pay today for this bond? c. Suppose you buy the bond for the value you calculated in part a. After holding the bond for 4 years and receiving 4 interest payments, you sell the bond. What price must you receive (at time 4) if you now want to receive an 8% rate of return

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