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If a 4-year bond with a 7% coupon and a 10% yield to maturity is currently worth $904.90, how much will it be worth
If a 4-year bond with a 7% coupon and a 10% yield to maturity is currently worth $904.90, how much will it be worth 1 year from now if interest rates are constant? Hint: if it's currently a 4-year bond, then in one year from now, it will be a 3-year bond. Remember, t equals the number of years to maturity) $904.90 Selected Answer: Answers: $1,000.00 $947.93 $925.39 $904.90
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