At what price does the bond sell

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Reference no: EM132020208

A general power bond with a face value of $,1000 carries a coupon rate of 8.1%, has 9 years until maturity, and sells at a yield to maturity of 7%. (Assume annual interest payments.)

At what price does the bond sell?

What will happen to the bond price if the yield to maturity falls to 6.1%.

Reference no: EM132020208

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