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Draw the timeline for an 8-year 5% annual coupon bond with a face value of $1000.
Compute the price of the bond assuming the yield to maturity is:
A. Ytm= 3% FV=? PMT=? I=? N= P=$?
B. Ytm= 7% FV=? PMT=? I=? N= P=$?
Financial Management, Finance
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