With the recent pandemic most central banks had announced several interest rate cuts to stimulate the economic activity. Due to this, you forecast that the yield will fall by 1 percent. Estimate the future price of a 6 percent, semi-annual bond maturing in THREE  years with an initial yield to maturity of 10 percent. 

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Answer rating: 100% (QA)

Based on the given information we can estimate the future price of the bond using the following steps Determine the total number of semiannual periods ... View the full answer