1 what is the price of a 5-year bond with a nominal value


1. What is the price of a 5-year bond with a nominal value of $100, a yield to maturity of 7% (with annual compounding frequency), a 10% coupon rate and an annual coupon frequency?

2. Same question for a yield to maturity of 8%, 9% and 10%. Conclude.

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Finance Basics: 1 what is the price of a 5-year bond with a nominal value
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