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Business, 30.10.2020 18:10 chelseayazzie16

A bond with a face value of $1,000 matures in 12 years and has a 11% semiannual coupon. The bond has a current yield of 8%. Based on the information, you would expect the bond price to in one year. (Hint: Find bond price and YTM) Select one: a. Decrease by 1.54% b. Increase by 1.45% c. Decrease by 0.77% d. Decrease by 5.68% e. Increase by 0.77%

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