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An investor bought a 20 year 3.2% annual coupon bond wth a YTM of 9.17. 7 years later, the same bond commands a YTM of
An investor bought a 20 year 3.2% annual coupon bond wth a YTM of 9.17. 7 years later, the same bond commands a YTM of 7.3% if the investor sells the bond at the end of the seventh year after the last coupon payment is made for year sevenl. what will the NPV be of the investment's Cashflows if the required returns 9.1 NPV 523718 NPV $55.69 NPV 5422.68 NPV ($1981 NPV (5184 03)
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