What would be the bond price if comparable debt yields

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A $1,000 bond has a coupon of 6 percent and matures after twelve years. Assume that the bond pays interest annually.

Problem 1: What would be the bond's price if comparable debt yields 7 percent?

Problem 2: What would be the price if comparable debt yields 7 percent and the bond matures after six years?

Reference no: EM132993219

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