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A 27-year, $1,000 par value bond has an 7.5% annual coupon. The bond currently sells for $752. If the yield to maturity remains at its
A 27-year, $1,000 par value bond has an 7.5% annual coupon. The bond currently sells for $752.
If the yield to maturity remains at its current rate, what will the price of the bond be 6 years from now?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
