Question: Igor recently purchased a 1 5 - year, 7 % semi - annual $ 1 0 , 0 0 0 bond priced at 1 0

Igor recently purchased a 15-year, 7% semi-annual $10,000 bond priced at 103.6. He plans to hold this bond to maturity. During the next year, Interest rates increased to 9.25%. Which of the following statements is TRUE?
Igor recently purchased a 1 5 - year, 7 % semi -

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