A 10-year bond has an annual coupon of 9%. The bond has a yield to...
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A 10-year bond has an annual coupon of 9%. The bond has a yield to maturity of 7%. If the required rate of return remains unchanged, the bonds price one year from today will be (hint: bond prices over time): Group of answer choices lower than it is today. higher than it is today. at par value. exactly the same as it is today
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