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Homework answers / question archive / Consider a 5-year bond with a 3% coupon that has a present yield to maturity of 8%
Consider a 5-year bond with a 3% coupon that has a present yield to maturity of 8%. If interest rates remain constant, one year from now, the price of this bond will be
Group of answer choices
A. $1,000
B. lower
C. the same
D. higher
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