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If a Four-Year Bond with a 7 Percent Coupon and a 10

Question 125

Multiple Choice

If a four-year bond with a 7 percent coupon and a 10 percent yield to maturity is currently worth $904.90, how much will it be worth one year from now if interest rates are constant?


A) $904.90
B) $925.39
C) $947.93
D) $1,000.00 Using the BAII Plus Calculator:

Correct Answer:

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