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Problem 6-5 Bond Pricing (L01, 2) A General Power bond carries a coupon rate of...

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Problem 6-5 Bond Pricing (L01, 2) A General Power bond carries a coupon rate of 9.3%, has 9 years until maturity, and sells at a yield to maturity of 8.3%. (Assume annual interest payments.) a. What interest payments do bondholders receive each year? b. At what price does the bond sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What will happen to the bond price if the yield to maturity falls to 7.3%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the yield to maturity falls to 7.3%, will the current yield be less, or more than the yield to maturity? . a. Interest payments b. Price c. Price will d. Current yield is by than yield to maturity

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