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What is the value of the bond to christina

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Reference no: EM132484616

Christina is considering investing in a bond having a $1,000 par value, an 8% coupon rate, and 20 years until maturity. The bond pays interest annually. Christina requires a 6% return on the bond.

Question a. What is the value of the bond to Christina? Round your answer to two decimals.

Question b. If the current market price of the bond is $1,150, what is the yield to maturity on the bond? Express your answer in percent with two decimals.

Reference no: EM132484616

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