You own a bond with the following features 8 years to, Ask an Expert

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You own a bond with the following features: 8 years to maturity, face value of $1000, coupon rate of 3% (annual coupons) and yield to maturity of 8.7%. If you expect the yield to maturity to remain at 8.7%, what do you expect the price of the bond to be in two years?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92262159

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