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1) A $1000 bond has a coupon rate of 8% and matures after

Resolved Question:

1) A $1000 bond has a coupon rate of 8% and matures after 10 years
a) What is the current price of the bond if the comparable rate of interest is 8%?
b) What is the current price of the bond if the comparable of interest is 10%?
c) What are the current yields given the prices determined in parts a and b?
d) Why are the price in a and b and the current yield in c different?
Submitted: 5 years ago.
Category: Business and Finance Homework
Expert:  linda_us replied 5 years ago.
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