What is the bond price

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Question - Bond T is a 10% coupon bond, has 11 years to maturity, makes semiannual payments, and has a yield to maturity of 7%.

a) What is the bond price is the face value is $1,000?

b) If interest rates suddenly rise by 2%, what will be the percentage change in the price of Bond T?

Reference no: EM132034756

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