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Company XYZ has a bond with par value of $1,000 that will mature in 20 years. The bond pays coupon rate of 5.00% with semi-annual
Company XYZ has a bond with par value of $1,000 that will mature in 20 years. The bond pays coupon rate of 5.00% with semi-annual payments. Assuming that the YTM on this bond will remain constant @ 9.98%, what will the bond price be at the end of year 17?
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