What is the price of the following split coupon bond if comparable yields are 13 percent?...

What is the price of the following split coupon bond if comparable yields are 13 percent?

Principal	$2,000
Maturity	12 years
Annual coupon	0% ($0) for years 1 - 3
	11% ($220) for years 4 - 12

Round your answer to two decimal places.

If comparable yields decline to 12 percent, what is the appreciation in the price of the bond? Round your answer to two decimal places.

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jeff jeffy answered 1 year ago

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