What do you expect the price of the bond to be

Reference no: EM131948161

Question: You own a bond with the following features: 8 years to maturity, face value of $1000, coupon rate of 3% (annual coupons) and yield to maturity of 8.7%. If you expect the yield to maturity to remain at 8.7%, what do you expect the price of the bond to be in two years?

Reference no: EM131948161

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