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A 7% coupon bond pays interest semiannually and has 10 years remaining until maturity. It is currently selling for $915.99. (face value is $1000). What
A 7% coupon bond pays interest semiannually and has 10 years remaining until maturity. It is currently selling for $915.99. (face value is $1000). What should this bond be selling for 2 years from now if its yield rises by 100 basis points between now and two years hence? $864.55 $959.76 $1,121.80 $874.75 $828.98
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