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Consider a 7 - year bond with a 9 % coupon and a yield to maturity of 1 2 % . If interest rates remain

Consider a

7 -

year bond with a

9 %

coupon and a yield to maturity of

12 % .

If interest rates remain constant,

1

year from now the price of this bond will be

__________.

Multiple Choice

lower

indeterminate

the same

higher

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