Today the yield to maturity on this bond is 576 percent how

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One year ago, you purchased a 6 percent annual coupon bond for aclean price of $975. The bond now has five years remaining untilmaturity. Today, the yield to maturity on this bond is 5.76percent. How does today's price of this bond compare to yourpurchase price?

Reference no: EM13571605

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Today the yield to maturity on this bond is 576 percent how : one year ago you purchased a 6 percent annual coupon bond for aclean price of 975. the bond now has five years
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