Question: I need to know how to work out the problem by hand. Thanks for any and all help! 9. Consider a 5-year bond with a

I need to know how to work out the problem by hand. Thanks for any and all help!

I need to know how to work out the problem by hand.

9. Consider a 5-year bond with a 12% coupon and a present yield to maturity of 9%. If interest rates remain constant, one year from now the price of this bond will be A) higher B) lower C) the same D ) cannot be determined

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