(i) Find the price of bond with a coupon rate of 12% having 5 years to maturity. Its par value is 10,000 Br and the discount rate is 12%. (ii) Supposing interest rates fall to 8% what will be the price of the bond?

(i) Find the price of bond with a coupon rate of 12% having 5 years to maturity. Its par value is 10,000 Br and the discount rate is 12%.
(ii) Supposing interest rates fall to 8% what will be the price of the bond?

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