Suppose in 2025 you bought three-year $1,000 face-value 4.4%…
Suppose in 2025 you bought three-year $1,000 face-value 4.4% coupon bond for $960. In 2026, interest rates decrease to 3%. If you decide to sell your bond in 2026, what will be the selling price and one-year rate of return for you?