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You buy a bond that has a coupon rate of 9% and maturity of 12 years. The YTM of the bond is 7%. What will
You buy a bond that has a coupon rate of 9% and maturity of 12 years. The YTM of the bond is 7%. What will be the price of the bond after 10 years, assuming that by that time the YTM will have increased by 4%?
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