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Find the price of a 6-year $ 100 par value bond bearing 8% annual coupon,...

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Finance

Find the price of a 6-year $ 100 par value bond bearing 8% annual coupon, redeemable at $ 103 with a yield of 2%, 3%,, 10% and 11%. Give a rough sketch of the bond price versus the yield rate. What can you observe?

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