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You buy an 8% annual coupon bond that has a 15 year maturity and a required return of 12%. The par value is $1,000. You
You buy an 8% annual coupon bond that has a 15 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending price (sell) of the bond? $1,000 $491.57 $385.54 $877.11 $1047.47 $784.32
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