You own a bond with the following features 9 years to, Financial Management

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You own a bond with the following features 9 years to

You own a bond with the following features: 9 years to maturity, face value of $1000, coupon rate of 3% (annual coupons) and yield to maturity of 9.8%. If you expect the yield to maturity to remain at 9.8%, what do you expect the price of the bond to be in two years? State your answer to the nearest penny

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Financial Management: You own a bond with the following features 9 years to

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