What price must you sell the bond for

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Reference no: EM133982938

Problem

You have paid $980.30 for an 10% coupon bond with a face value of $1,000 that matures in five years. You plan on holding the bond for one year. Get the instant assignment help. If you want to earn a 7% rate of return on this investment, what price must you sell the bond for? Is this realistic?

Reference no: EM133982938

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