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Suppose a Canadian company issues a bond with a par value of CAD 1,000,3 years...

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Accounting

Suppose a Canadian company issues a bond with a par value of CAD 1,000,3 years to maturity, and a coupon rate of 8 percent paid annually. If the yield to maturity is 8 percent, what are the coupon payment and current price of the bond? If the YTM rises to 12% on these bonds, what would happen to the coupon payment and bond price?

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