A 20 year bond with a 1000 face value was issued a yield to


A 20 year bond with a $1000 face value was issued a yield to maturity of 4.5% and pays coupons semi-annually. After 10 years the yield to maturity is still 4.5% and the clean price of the bond is $960.09. After three more months go by, what would you expect the dirty price to be? Show all working.

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Financial Management: A 20 year bond with a 1000 face value was issued a yield to
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