Question: You bought a bond for $ 9 7 0 . This bond has a face value of $ 1 , 0 0 0 , 6

You bought a bond for $970. This bond has a face value of $1,000,6 years to maturity and a coupon rate of 8%. If you decide to sell the bond after holding it for one year, what will be the increase in the bond price?
Answer:
You bought a bond for $970. This bond has a face

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