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A bond has a $ 1 , 0 0 0 par value, 1 0 years to maturity, 7 percent semiannual coupon, and sells for $

A bond has a $

1, 000

par value,

10

years to maturity,

7

percent semiannual coupon, and sells for $

996 .

Assume that the YTM remains constant for the next

3

years. What will the price be

3 -

years from today?

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