What is she able to sell the bond for at this time

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Reference no: EM131444354

Jill buys a 10-year bond with annual coupons and a coupon rate of 6%. The face value is $1000 and the current market rate on this type of bond is 4%. How much does she pay for the bond? In five years she decides to sell the bond. The market rate on bonds has shifted to 2%. What is she able to sell the bond for at this time?

Reference no: EM131444354

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