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Bank of Ww has just purchased a bond with 18 years remaining to maturity, and a coupon rate of 9 percent. It expects the
Bank of Ww has just purchased a bond with 18 years remaining to maturity, and a coupon rate of 9 percent. It expects the YTM on these bonds to be 6 percent one year from now. The bond makes semi-annual payments. At what price could Bank of Ww sell these bonds for one year from now?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
9th edition
78034698, 978-0077502287, 77502280, 978-0078034695
