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Please, explain IN DETAILS ALL THE STEPS . ABC Corporation has issued bonds that have 4% annual coupon rate paid semiannually. The bonds mature in

image text in transcribedPlease, explain IN DETAILS ALL THE STEPS.

ABC Corporation has issued bonds that have 4% annual coupon rate paid semiannually. The bonds mature in 4 years, have a face value of $1000 and a yield to maturity of 8%. What is the value of these bonds 2 years from now? How the bond value will be changing over years till maturity (decrease, increase, stay constant)

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