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help A bond offers a coupon rate of 3%, paid annually, and has a maturity of 8 years. The current market yield is 13%. Face
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A bond offers a coupon rate of 3%, paid annually, and has a maturity of 8 years. The current market yield is 13%. Face value is $1,000. If market conditions remain unchanged, what should the price of the bond be in 1 year? Assume the market yield remains unchanged. Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57 Step by Step Solution
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