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Suppose a seven-year, $1000 bond with 7.5% coupon rate and semiannual coupons is trading w

Suppose a seven-year, $1000 bond with 7.5% coupon rate and semiannual coupons is trading w

Suppose a seven-year, $1000 bond with 7.5% coupon rate and semiannual coupons is trading with a yield to maturity of 6.41%. If the yield to maturity of the bond rises to 7.02% (APR with semiannual compounding), what price will the bond trade for?

Abhinav 04-Dec-2019

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