Question: An 8.6%, ten-year bond yields 6.6%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. (Do not

An 8.6%, ten-year bond yields 6.6%. If the yield remains unchanged, what will be its price one year hence? Assume annual coupon payments. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price $ 86.00

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