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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 sell the
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?
$847.88 $877.11 $1,000 $239.39 $941.07 $1,047.47
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