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In: Finance

What is the price of a 20 year 6% bond? Suppose similar bonds have a yield...

What is the price of a 20 year 6% bond? Suppose similar bonds have a yield to maturity of 4%.

Suppose you buy a 15 year 5% bond for $940. What is the yield to maturity for this bond? State your answer as a percentage X.XX%

Solutions

Expert Solution

Q1.

Calculations-

Q2.

Calculations-

As no method was mentioned I have solved the problem using excel function

.Please upvote if the answer is helpful.In case of doubt,do comment.Thanks.


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