Question: By how much will a bond increase in price over the next year if it currently sells for $965, has 4 years until maturity, and

 By how much will a bond increase in price over the

By how much will a bond increase in price over the next year if it currently sells for $965, has 4 years until maturity, and an annual coupon rate of 9.00%? (Do not round Intermediate calculations.) Multiple Choice $3.90 $7.53 $9.98 $3.24

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