Today you purchased a 1000 par value bond that matures in 6, Ask an Expert

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Today, you purchased a $1,000 par value bond that matures in 6 years and pays interest of $30 every six months with a yield to maturity of 9.5 percent. If the bond's yield to maturity drops by 0.75% over the course of the next year, what will your bond be worth one year from today? (Show your answer as a positive number to two decimals, e.g., 1234.56)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92391046

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