The fifteen-year bond yields 63 and has a coupon of 83 if


The fifteen-year bond yields 6.3% and has a coupon of 8.3%. If this yield to maturity remains unchanged, what will be its price one year hence? Assume annual coupon payments and a face value of $100. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management: The fifteen-year bond yields 63 and has a coupon of 83 if
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