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1. A 3-year bond is trading at a premium to par today. What can we anticipate its price to be in three years? (Show work)

1. A 3-year bond is trading at a premium to par today. What can we anticipate its price to be in three years? (Show work)

  1. Face Value
  2. 100 minus final coupon payment
  3. Insufficient information provided
  4. Premium (interest rates remain the same)

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