Question: Two years ago, you bouth a $ 1 , 0 0 0 par value corporate bond with a 9 percent annual coupn rate and a

Two years ago, you bouth a $1,000 par value corporate bond with a 9 percent annual coupn rate and a 15-year maturity date. When you bought the bond, it had an expected yeild to maturity of 11 percent.

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