Question: Problem 15 Intro One of General Electric's bond issues has an annual coupon rate of 3.9%, a face value of $1,000, and a required return

Problem 15 Intro One of General Electric's bond issues has an annual coupon rate of 3.9%, a face value of $1,000, and a required return of 6%.

Part 1 What is the value of the bond if the bond matures in 30 years?

Part 2 What is the value of the same bond 20 years later, when it has 10 years to maturity left if interest rates haven't changed?

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