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Problem:

By how much will a bond increase in price over the next year if it currently sells for $895, has 3 years until maturity, and an annual coupon rate of 5.50%?

  • $31.81
  • $27.52
  • $34.26
  • $28.18

Note: Provide support for your rationale.

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  • Category:- Basic Finance
  • Reference No.:- M91163130

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