Question: A 2 0 year, $ 1 , 0 0 0 par value bond has a 9 % annual coupon. The bond currently sells for $

A 20 year, $1,000 par value bond has a 9% annual coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 6 years from now?

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