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Business, 17.12.2019 23:31 boogerbuttday

Use the bond term's below to answer the question:
maturity 6 years
coupon rate 3%
face value $1,000
annual coupons
1. when you buy the bond the interest rate is 5% right after you buy the bond, the interest rate changes from 5.00% to 4.50% and remains there. what is the price effect in year 3 ?
group of answer choices:
a. $13.23
b. $10.93
c. $14.55
d. $12.03
e. $13.83

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Answers: 2

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Use the bond term's below to answer the question:
maturity 6 years
coupon rate 3%
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