What price will the bond? trade

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Reference no: EM131628878

Suppose a? seven-year, $1,000 bond with a 11.97 % coupon rate and semiannual coupons is trading with a yield to maturity of 8.99 %.

A. If the yield to maturity of the bond rises to 9.04 %

?(APR with semiannual? compounding), at what price will the bond? trade?

Reference no: EM131628878

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