Question: 16. 5 PIS Question 16 A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $830. If the

16.

5 PIS Question 16 A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $830. If the yield to maturity remains at the current rate, what will the price be 10 years from now? Your answer should be between 770.15 and 1,026.90, rounded to 2 decimal places, with no special characters

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