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Two years ago, you bought a 30 year, original maturity, 9% semi-annual coupon bond at a price of $1113. You expect to sell the bond
Two years ago, you bought a 30 year, original maturity, 9% semi-annual coupon bond at a price of $1113. You expect to sell the bond in 3 years, and project that at that time, market rates will be 2% higher than when you purchased the bond. Based on your projections, what will you sell the bond for? Given ADF_(4%, 60)=22.6235, ADF_(4%, 30)=17.2920, ADF_(5%, 50)= 18.2559, ADF_(5%, 25)=14.0939
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