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You are thinking of purchasinga bond with a coupon rate of 6.0% and makes semiannual payments. The yield to maturity is 6.3% and the bond
You are thinking of purchasinga bond with a coupon rate of 6.0% and makes semiannual payments. The yield to maturity is 6.3% and the bond matures in 21 years. What is the market price if the bond has a par value of $1,000? AND Do you expect the price of the bond to Increase OR decrease over the next year?
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