At what price will the bond in Example 14.7 sell in yet another year, when only 1

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At what price will the bond in Example 14.7 sell in yet another year, when only 1 year remains until maturity? What is the rate of return to an investor who purchases the bond at $982.17 and sells it 1 year hence?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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