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price of the bond immediately after it makes its first coupon payment Suppose that Telstra Corporation Ltd issued a bond With 10 years until maturity,

price of the bond immediately after it makes its first coupon payment

Suppose that Telstra Corporation Ltd issued a bond With 10 years until maturity, a face value of Sl 000, and a coupon rate of 7.9% (annual payments). The yield to maturity on this bond when it was issued was 5.6%. Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment?

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