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Suppose you purchase a zero-coupon bond with face value $1,000, maturing in 10 years, for $385.54. What is the yield to maturity? If the yield
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Suppose you purchase a zero-coupon bond with face value $1,000, maturing in 10 years, for $385.54. What is the yield to maturity? If the yield to maturity on the bond remains unchanged, what will the price of the bond be five years from now? (2 marks)
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