Question: please show written step by step Assume that you just spent $875 on buying a bond with 25 years to maturity. This bond has $1000
please show written step by step
Assume that you just spent $875 on buying a bond with 25 years to maturity. This bond has $1000 face value and its coupon rate is 8.50 percent. If the YTM of this bond remain stable over the entire 25 -year period, how much would be this bond's price 10 years from now
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