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With bond valuation, you just apply time value of money concepts. A 6%, annual coupon, $1,000 par value, five-year bond yields 5%. If yields remain
With bond valuation, you just apply time value of money concepts.
A 6%, annual coupon, $1,000 par value, five-year bond yields 5%. If yields remain unchanged, what will be its price in one year? The answer is closest to:
A 1086.59
B 1101.51
C 1012.8
D 1035.46
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