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A 3.93% annual coupon, 18 -year bond has a yield to maturity of 8.34%. Assuming the par value is $1,000 and the YTM is expected
A 3.93% annual coupon, 18 -year bond has a yield to maturity of 8.34%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what is bond price expected to be in one year
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