When you bought the bond it had an expected yield to, Finance Basics

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When you bought the bond it had an expected yield to

You recently bought a $1,000 par value corporate bond with a 6 percent annual coupon rate and a 10 year maturity date. When you bought the bond, it had an expected yield to maturity of 8 percent. Today the bond sells for $1,060. Calculate the value of the bond.

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Finance Basics: When you bought the bond it had an expected yield to

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Finance Basics: When you bought the bond it had an expected yield to

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