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3. Yesterday, you bought a 7 percent semiannual coupon bond with 11 years to maturity, at a price of $1,088.09. The bond's face value is
3.
Yesterday, you bought a 7 percent semiannual coupon bond with 11 years to maturity, at a price of $1,088.09. The bond's face value is $1,000. Assuming the yield to maturity of the bond remains the same throughout your investment horizon, how much can you sell the bond for three years from today?
$1,037.41
$996.88
$1,069.35
$1,029.84
$1,077.21
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