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Consider a 10-year bond with an 8% coupon that has a yield-to-maturity of 9%. If interest rates remain constant and the YTM does not change,
Consider a 10-year bond with an 8% coupon that has a yield-to-maturity of 9%. If interest rates remain constant and the YTM does not change, then one year from now the price of this bond will be:
- Lower
- Same
- Higher
- Par
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
