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Assume Texas Republic, Inc. has issued a 7% fixed annual coupon bond with 15 years to maturity having a $1,000 par value currently priced at
Assume Texas Republic, Inc. has issued a 7% fixed annual coupon bond with 15 years to maturity having a $1,000 par value currently priced at $838.78. If you purchase the bond and sell it after 7 years, what is your terminal wealth assuming rates do not change? Multiple Choice $2,050 $1,533 $1,671 $1,070 Assume Texas Republic, Inc. has issued a 7% fixed annual coupon bond with 15 years to maturity having a $1,000 par value currently priced at $838.78. If you purchase the bond and sell it after 7 years, what is your terminal wealth assuming rates do not change? Multiple Choice $2,050 $1,533 $1,671 $1,070
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