A 30-year 8 corporate bond was issued exactly 10 years, Financial Management

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A 30-year 8 corporate bond was issued exactly 10 years

A 30-year 8% corporate bond was issued exactly 10 years ago. You purchased this bond today, when it was trading to yield 7%. Tomorrow, the yield decreased down to 6%, only to increase to 8% after 10 years. At maturity, the bond’s realized yield must be equal to 7%.

Is this statement true or false?why

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