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Question(s) / Instruction(s):

A $1,000 bond has a coupon rate of 8% and matures after 10 years.
a) What is the current price of the bind if the comparable rate of interest is 8%?
b) What is the current price of the bond if the comparable rate of interest is 10%?
c) What are the current yields given the prices determined in parts (a) and (b)?
d) What are the prices in (a) and (b) and the current yields in (c) different?

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