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A bond you are evaluating has a 6

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A bond you are evaluating has a 6.5% coupon rate (compounded semiannually, a $1,000 face value and is 10 years from maturity.

a. if the required rate of return on the bond is 6%, what is its fair present value?

b. if the required rate of return on the bond is 8%, what is its fair [resent value?

c. what do the answers to parts a and b say about the relation between required rate of return and fair values of bonds?