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A bond with a coupon rate of 9 . 5 % and a price of $ 8 3 0 just yesterday paid a coupon. A
A bond with a coupon rate of and a price of $ just yesterday paid a coupon. A total
of coupons remain to be paid. Suppose you buy the bond at todays price, hold it and
receive coupons, and then sell the bond. If at the time you sell the bond its YTM has
decreased by find the bond selling price and the annual rate of return throughout the
investment horizon.
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