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

A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $825. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
$726.60
$843.52
$626.38
$801.76
$835.17
 A 25-year, $1,000 par value bond has an 8.5% annual payment

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