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An investor is considering the purchase of a ( n ) 7 . 3 7 5 % , 1 5 - year corporate bond that's

An investor is considering the purchase of a(n)7.375%,15-year corporate bond that's being priced to yield 9.375%. She thinks that in a year, this bond will be priced in the market to yield 8.375%. Using
annual compounding, find the price of the bond today and in 1 year. Next, find the holding period return on this investment, assuming that the investor's expectations are borne out.
The price of the bond today is $,(Round to the nearest cent.)
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