Question: A 2 5 - year, $ 1 , 0 0 0 par value bond has a 9 . 0 % annual payment coupon. The bond

A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
Do not round your intermediate calculations.
a. $828.62
b. $987.41
C. $897.33
d. $909.45
e. $966.73
 A 25-year, $1,000 par value bond has a 9.0% annual payment

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