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Posted on Jul 24, 2024

A bond has a time to maturity of 1 0 years, and a coupon rate of 7 % with coupon interest paid semiannually. If the

A bond has a time to maturity of

10

years, and a coupon rate of

7 %

with coupon interest paid

semiannually. If the current market price is $

815,

what will be the approximate price of this

bond at the end of the second year?

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