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You've just purchased a $1,000 face value bond for $940. It pays semi-annual coupons and has 6 years to maturity and a 4.20% coupon rate.
You've just purchased a $1,000 face value bond for $940. It pays semi-annual coupons and has 6 years to maturity and a 4.20% coupon rate. At what price should you be able to sell the bond in 4 years if market rates are expected to remain the same for the foreseeable future? A. $1,110.03 B. $1,162.55 C. $940.00 D. $880.06 E. $977.84 please show work with formulas not excel
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