Question: Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity)

Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) decline from 20 percent to 13 percent a. What is the bond price at 20 percent? Bond price $ 513.00 b. What is the bond price at 13 percent? Bond price $ 789.50

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