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With the recent pandemic most central banks had announced several interest rate cuts to stimulate the economic activity. Due to this, you forecast that the

With the recent pandemic most central banks had announced several interest rate cuts to stimulate the economic activity. Due to this, you forecast that the yield will fall by 1 percent. Estimate the future price of a 6 percent, semi-annual bond maturing in THREE  years with an initial yield to maturity of 10 percent. 



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Based on the given information we can estimate the future price of the bond using the following steps Determine the total number of semiannual periods ... blur-text-image

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