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Jackie Chiles recently purchased a 15-year 8.8% coupon bond with semi-annual coupon payments and a market rate (YTM) of 7%. Jackie plans to own these
Jackie Chiles recently purchased a 15-year 8.8% coupon bond with semi-annual coupon payments and a market rate (YTM) of 7%. Jackie plans to own these bonds for only seven years though. What will the market price be for this bond in seven years? $1,165.53 C$907.39 C$1,098.28 $1,108.85
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