Question: A 20 year , $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $860. If the yield to maturity

A 20 year , $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $860. If the yield to maturity remains at the current rate, what will the price be 10 years from now. Please round your answer 2 decimal places.

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