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You buy an 8-year $1000 par value bond today that has a 6% yield and a 6% annual payment coupon. In one year the yields

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You buy an 8-year $1000 par value bond today that has a 6% yield and a 6% annual payment coupon. In one year the yields in the economy have risen to 7% and you've decided to sell the bond. How much can you sell it for

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