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You are considering investing in a $1000 face value 10% semi-annual coupon bond with 8 years left to maturity. Similar bonds are yielding 9.5% in
You are considering investing in a $1000 face value 10%semi-annual couponbond with 8 years left to maturity. Similar bonds are yielding 9.5% in the market, so the current price of this bond is _______, and if market interest rates increase to 11% the selling price of the bond would _____________?
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