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Suppose you bought a coupon bond today with a face value of $1000, coupon rate...

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Finance

Suppose you bought a coupon bond today with a face value of $1000, coupon rate is 10%, and maturity period of 15 years. If the interest rate is 8% next period, compute the price of the bond and rate of return if you want to sell it next period. What is the price of the bond if you would like to sell it 5 periods from now?

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