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10 Question 10 1 pts A seven-year bond with a face value of $1,000 and a 6% p.a. coupon rate has a yield to maturity
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Question 10 1 pts A seven-year bond with a face value of $1,000 and a 6% p.a. coupon rate has a yield to maturity of 8% p.a. If interest rates remain unchanged, what is most likely to happen to the bond's price one year from today? O The price will be higher. This cannot be determined without additional information. The price will be lower. The price will remain unchangedStep by Step Solution
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