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An analyst is considering a five-year bond with a 10% coupon that is presently trading at a yield-to-maturity of 8%. If market interest rates do

An analyst is considering a five-year bond with a 10% coupon that is presently trading at a yield-to-maturity of 8%. If market interest rates do not change, one year from now the analyst would most likely conclude the price of this bond will be:

Question 8 options:

lower.

higher.

cannot be determined.

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