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Posted on Sep 06, 2024

A 7 . 8 8 % annual coupon, 2 2 - year bond has a yield to maturity of 5 . 3 % . Assuming

7.88 %

annual coupon,

22 -

year bond has a yield to maturity of

5.3 % .

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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