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You just purchased a fifteen-year bond that had been issued by ABC Corporation. The bonds have a stated rate of 11%. The bond has a
You just purchased a fifteen-year bond that had been issued by "ABC" Corporation. The bonds have a stated rate of 11%. The bond has a face value of $1,000 and a current yield of 10%. Assuming that the yield to maturity of 9.7072% remains constant. What will be the price of the bond 1 year from now? please answer it quickly
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