At what price will the bond in Example 14.10 sell in yet another year, when only one

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At what price will the bond in Example 14.10 sell in yet another year, when only one year remains until maturity? Assume the yield to maturity remains at 8%. What is the rate of return to an investor who purchases the bond when its price is $982.17 and sells it one year hence? P-8599

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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