What is the price of the bond

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Reference no: EM133117370

Question 1 - A bond has a coupon rate of 6.1% and pays coupons annually. The bond matures in 21 years and the yield to maturity on similar bonds is 8.7%. What is the price of the bond?

Question 2 - What is the yield on a 16-year bond that pays a semi-annual coupon of $14 and sells for $1000.

Reference no: EM133117370

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