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Assume my brother in Cincinnati just bought a different bond. He paid $1,070 for a...

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Finance

Assume my brother in Cincinnati just bought a different bond. He paid $1,070 for a 10-year, $1,000 par value bond with an 8% coupon. If the discount rate (the yield to maturity) does not change and he sells the bond after six years, how much would he sell it for

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