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22-04-2024
Business

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A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $1,025. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
a. $1,027.18
b. $1,031.30
c. $1,025.12
d. $1,023.06
e. $1,029.24

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