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12. An n-year bond with a face value of $1,000 and a quarterly coupon payment is issued now. The current price is $1,200 and
12. An n-year bond with a face value of $1,000 and a quarterly coupon payment is issued now. The current price is $1,200 and the yield rate is 3.5%. Suppose the bond price is $1,250 after 3 years, then the yield rate at that time should be 3.5%. a) Higher than b) Equal to c) Lower than
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
