faithiemusic8605 faithiemusic8605

25-05-2023
Business

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Suppose that you are considering investing in a four-year bond that has a face value of $1,000 and a coupon rate of %6. (2 points) Suppose that you purchase the bond and the next day the market interest rate on similar bonds falls to %5. What will the price of your bond be now? What will its current yield be?

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