At what price will you sell the bond what return did you


You are buying from the financially questionable NII Capital Corp. Their 8.5% coupon bond matures in 8 years.

After holding the bond for one year, you need to sell it. NII Capital has returned to more solid financial footing so that th interest rates have fallen to 14% APR. At what price will you sell the bond? What return did you realize on this one-year investment?

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Financial Management: At what price will you sell the bond what return did you
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