Question: A 2 5 - year, $ 1 0 0 0 par value bond has a 8 . 5 % annual coupon rate. The bond currently

A 25- year, $1000 par value bond has a 8.5% annual coupon rate. The bond currently sells for $875. If the yeild to maturity remains at its current rate, what will the price be 5 years from now?

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