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Bookmark question for later You purchased a 15-year bond 12 years ago at a yield to maturity of 9.16%. The bond has a face value
Bookmark question for later
You purchased a 15-year bond 12 years ago at a yield to maturity of 9.16%. The bond has a face value of $1,000 and a coupon rate of 9.00%. If the investors required rate of return on this bond has stayed the same for 12 years, what is the price of the bond today?
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