(Solution) - A 5000 Government of Canada bond carrying a 6 coupon -(2025 Original AI-Free Solution)

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A $5000 Government of Canada bond carrying a 6% coupon is currently priced to yield 6% compounded semiannually until maturity. If the bond price abruptly rises by $100, what is the change in the yield to maturity if the bond has:
a. 3 years remaining to maturity?
b. 15 years remaining to maturity?