What price will the bond trade for

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Question - Suppose a seven-year, $1,000 bond with an 8.2% coupon rate and semi-annual coupons is trading with a yield to maturity of 6.63%. If the yield to maturity of the bond rises to 7.49% (APR with semi-annual compounding), what price will the bond trade for?

Reference no: EM132886533

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