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What will be the expected price of the bond

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Question 1: A company has just raised $6 million by issuing 5000 12-year 10% bond at par. It's predicted that the market yield of this type bonds would be 1.2 per cent lower than coupon rate after 3 years. What will be the expected price of this bond after 3 years?

Reference no: EM132504355

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