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QUESTION
Consider a bond with a 10% coupon and with yield to maturity = 8%. If the bond's YTM remains constant, then in one year, will the bond price be
Consider a bond with a 10% coupon and with yield to maturity = 8%. If the bond's YTM remains constant, then in one year, will the bond price be higher, lower, or unchanged? Please explain your answer and give examples to help demonstrate your explanation.
