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6. Consider a 4-year semi-annual bond with a face value of $1,000, an annual coupon payment of $50, and a bond YTM (BEY) of 5%.

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6. Consider a 4-year semi-annual bond with a face value of $1,000, an annual coupon payment of $50, and a bond YTM (BEY) of 5%. If interest rates remain constant, one year from now, the bond's price will be (a) Lower (b) The same (c) Higher (d) It depends if it is a semi-annual or an annual bond

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