Find his expected yield assuming the bond is sold in two


David Hoffman purchases a bond with $1,000 principal, 20-year maturity, and 8% coupon (annual payments). Yields on comparable bonds are 10%. Bob expects that two years from now, yields on comparable bonds will have declined to 9%. Find his expected yield, assuming the bond is sold in two years.

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Financial Management: Find his expected yield assuming the bond is sold in two
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