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A company issues a ten-year bond at par with a coupon rate of 6.3% paid semi-annually. The YTM at the beginning of the third
A company issues a ten-year bond at par with a coupon rate of 6.3% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 9.5%. What is the new price of the bond? A. $988 OB. $1,153 OC. $823 OD. $1,000
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
