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You just purchased a 15-year bond with an 11 percent annual coupon. The bond pays interest once a year and has a face value of $1,000 and a current yield of 10 percent. Assuming that the yield to maturity of 9.7072 percent remains constant, what will be the price of the bond 1 year from now?

a. 1097

b.1100

c.1064

d.1150

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92413116

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