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A company has 9% coupon (compounded semiannually) bonds on the market with a 10 years to maturity and the par value of 1,000. At what price should

A company has 9% coupon (compounded semiannually) bonds on the market with a 10 years to maturity and the par value of 1,000. At what price should the bonds be selling for if ytm is 7%? Had the bond been selling at 889.50 what would be the ytm? Based on your answers what is the relationship between ytm and bond price?

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