Question: Your company issues 9.5% coupon bonds with a face value of $1,000. These bonds have 15 years to maturity, make semiannual payments, and have a

 Your company issues 9.5% coupon bonds with a face value of

Your company issues 9.5% coupon bonds with a face value of $1,000. These bonds have 15 years to maturity, make semiannual payments, and have a yield to maturity of 10%. 6a. What is the current price of the bonds? 6b. If interest rates fall to 8%, what would the price be? 6c. What is the relationship between bond prices and interest rates

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