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An investor is considering the purchase of a ( n ) 8 . 3 7 5 % , 1 5 - year corporate bond that's
An investor is considering the purchase of anyear corporate bond that's being priced to yield She thinks that in a year, this bond will be priced in the market to yield Using
annual compounding, find the price of the bond today and in 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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