What would be the pr ice of the bond if the yield

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Reference no: EM131020219

Expert Security Inc. has 9 percent coupon bonds on the market with five (5 ) years left until maturity. These bonds make annual payments.

- If the yield to maturity on t he bond is 8 percent, what is the current price of the bond? (Rounded to the nearest whole number )

- What would be the pr ice of the bond if the yield fell to 7 percent? (Rounded to the nearest whole number )

- What is the current yield of the bond at the yield to maturity is 7 percent? (Rounded to two decimal places )

Reference no: EM131020219

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