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A $1,000 par-value, fixed coupon bond has 17 years remaining until maturity. The bond has an...

  1. A $1,000 par-value, fixed coupon bond has 17 years remaining until maturity. The bond has an annual coupon rate of 8 percent. If the market annual rate for this bond is 7.25 percent, what is the price of the bond?
  2. A 20-year bond pays $110 annually on a face value of $1,000. If similar bonds are currently yielding 8%, what is the bond price?
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C18 for -PV(C16,010,012,C14) B 17 years to maturity coupon rate yield facevalue 8.00% 7.25% 1000 Annually: COUPON RATE 8.00%

C18 fe --PV(C16,010, C12,C14) years to maturity coupon rate yield facevalue 20 11.00% 110/1000 8.00% 1000 Annually: COUPON RA

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