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Finance

Suppose a? seven-year, $1,000 bond with an 8.5% coupon rate and semiannual coupons is trading with a yield to maturity of 6.68%.

a. Is this bond currently trading at a? discount, at? par, or at a? premium? Explain.

b. If the yield to maturity of the bond rises to 7.25 % ?(APR with semiannual? compounding), what price will the bond trade? for?

Please show me how to solve using a finance calculator. I already have the answer.

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