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A 6.70 percent coupon bond with 24 years left to maturity is priced to offer a 5.8 percent yield to maturity. You believe that in

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A 6.70 percent coupon bond with 24 years left to maturity is priced to offer a 5.8 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.3 percent. (Assume interest payments are semiannual.) A 6.70 percent coupon bond with 24 years left to maturity is priced to offer a 5.8 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.3 percent. (Assume interest payments are semiannual.)

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