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You would like to buy a quarterly compounding 14 -year. $1,000 par value bond. The annual coupon rate on this bond is 9 percent. If

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You would like to buy a quarterly compounding 14 -year. $1,000 par value bond. The annual coupon rate on this bond is 9 percent. If the current yield to maturity of the bond is a 11 percent, what is the value of this bond? After one year, would it be higher or lower than the current value of the bond? \$822; Higher \$1.158: Lower \$859: Higher \$1,152: Higher \$1.101: Higher

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