Question: Use formula not excel for this problem. Consider a five-year, default-free bond with annual coupons of 6% and a face value of $1,000 and assume

Use formula not excel for this problem.

Consider a five-year, default-free bond with annual coupons of 6% and a face value of $1,000 and assume zero-coupon yields on default-free securities are as summarized in the following table: 1 year 2 years 3 years 4 years 5 years Maturity Zero-Coupon Yields 5.00% 5.30% 5.50% 5.70% 5.80% a. What is the yield to maturity on this bond? b. If the yield to maturity on this bond increased to 6.20%, what would the new price be

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