Calculate price of this bond if yield to maturity increases

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Suppose a 6% coupon, 10 year bond is selling for $1050. The coupon is paid every six months.

(1) Calculate the yield to maturity of this bond.

(2) Calculate the price of this bond if the yield to maturity increases by 1% with maturity unchanged. 

(3) Calculate the price of this bond if the yield to maturity decreases by 1% with maturity unchanged.

Reference no: EM132069266

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