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A 29 -year bond with a par value of $1,000 has a 12.5 percent annual coupon. The bond currently sells for $903. If the bond's
A 29 -year bond with a par value of $1,000 has a 12.5 percent annual coupon. The bond currently sells for $903. If the bond's yield to maturity remains at its current rate, what will be the price of the bond 2 years from now? $900.68 $903.68 $897.68 $906.68 $894.68 Step by Step Solution
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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
