# Suppose you bought a bond that will pay ($1,000) in 20 years. No intermediate coupon payments will

## Question:

Suppose you bought a bond that will pay \($1,000\) in 20 years. No intermediate coupon payments will be made. If the appropriate discount rate for the bond is 8 percent,

**a.** what is the current price of the bond?

**b.** what will the price be 10 years from today?

**c.** what will the price be 15 years from today?

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