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A bond you bought for $932.70, has a maturity value of $1,000, coupon rate of 7% and it will mature in 10 years. If you
A bond you bought for $932.70, has a maturity value of $1,000, coupon rate of 7% and it will mature in 10 years. If you buy this bond and hold it until it matures you will earn an 8% return. For a 10% return rate, what price would you sell the bond for in year 5?
- $953.55
- $932.70
- $1,074.80
- $959.77
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