What would be the bonds new price

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A bond is selling for a dollar price of 97.635. If this bond has an original maturity of 10 years, has been in the market for 18 months and has a coupon of 4.50%, what is the current required return? 9. If the bond in #8 were to remain in the market for another 18 months and rates on similar securities fell by 200 basis points, what would be the bond's new price?

Reference no: EM131535448

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