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Suppose your friend is debating purchasing a bond that has a $1,000 par value, 13 years to maturity, and a 7% annual coupon, Your fricnd

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Suppose your friend is debating purchasing a bond that has a $1,000 par value, 13 years to maturity, and a 7% annual coupon, Your fricnd would like to determine the yield to maturity if the bond sells for a price of $1,310. What is the yield to maturity for this bond? 2.32% 2.5% 3.9196 5.33% Assume the yield to maturity remains constant over the next four years. What will the price of the bond be four years from now? $1,070 31,174,80 $1,193.11 51,230,49

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