If the yield to maturity falls to 625 percent what is the


Need steps shown through the calculator, please help with both problems and explain steps.

1. What's the current yield of an 6% coupon corporate bond quoted at a price of 112.3?

2. A 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. If the yield to maturity falls to 6.25 percent. What is the change in price the bond will experience in dollars?

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Financial Management: If the yield to maturity falls to 625 percent what is the
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