Triangle bonds par value is 1000 the bonds pay 60 in, Financial Management

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Triangle bonds par value is 1000 the bonds pay 60 in

Triangle bonds' par value is $1,000. The bonds pay $60 in interest every six months and will mature in 10 years.

a. Calculate the price if the yield to maturity on the bonds is 14 percent.

b. Explain the impact on price if the required rate of return decreases.

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Financial Management: Triangle bonds par value is 1000 the bonds pay 60 in

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