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Consider a 10-year Government of Canada bond with a face value of $1000, 7% coupon rate and annual coupon payments. If the yield to maturity
Consider a 10-year Government of Canada bond with a face value of $1000, 7% coupon rate and annual coupon payments. If the yield to maturity of this bond remains unchanged at 6%, what will be the price immediately after the fifth coupon is paid?
A. 1,200.98
B. 1,80.24
C. 1,042.20
D. 998.35
E. None of the above.
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