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You are considering investing in a $1000 face value 9% semi-annual coupon bond with 10 years left to maturity. Similar bonds are yielding 10% in

You are considering investing in a $1000 face value 9% semi-annual coupon bond with 10 years left to maturity. Similar bonds are yielding 10% 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 _____________? Answer $937.69; increase to $974.50 $937.69; decrease to $880.50 $1,062.50; increase to $1,087.69 $1,062.50; decrease to $1,023.50 And how did you get this

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