Expect the price of the bond to be in two years

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Reference no: EM131020232

You own a bond with the following features: 7 years to maturity, face value of $1000, coupon rate of 2% (annual coupons) and yield to maturity of 8.2%. If you expect the yield to maturity to remain at 8.2%, what do you expect the price of the bond to be in two years?

Reference no: EM131020232

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