A 4-year bond with a 650 coupon and a 950 yield to maturity


A 4-year bond with a 6.50% coupon and a 9.50% yield to maturity is currently worth $903.87, how much will it be worth 1 year from now if interest rates are constant?

$947.58

$924.73

$1,000.00

$903.87

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Financial Management: A 4-year bond with a 650 coupon and a 950 yield to maturity
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