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You just purchased a 15-year bond with an 10 percent annual coupon. The bond has a face value of $1,000 and a current yield of
You just purchased a 15-year bond with an 10 percent annual coupon. The bond has a face value of $1,000 and a current yield of 10.75 percent. Assuming that the yield to maturity of 9.60 percent remains constant, what will be the price of the bond ten years from now? a. Less than $489 b. Between $489 and $996 c. Between $996.01 and $1080 Between $1080.01 and $1,200 e. Greater than $1,200
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