Question: Question 4 (1 point) Using the bond information in the prior question and assuming that nothing changes, what can we expect will happen to the

Question 4 (1 point) Using the bond information in the prior question and assuming that nothing changes, what can we expect will happen to the bond's price in one year? The bond's price will increase. The bond's price will decrease. The bond's price will stay the same. Suppose you are investigating a $1000 par value bond with seven years remaining and an annual coupon rate of 5%. If the required rate of return is 3%, what can you expect the approximate price of the bond to be? $844 $884 $1,125 $1,613 None of the above

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