Question: A 20 year, $1,000 par value bond has a 9% annual coupon. The bond currently sells for $915. If the yield to maturity remains at
A 20 year, $1,000 par value bond has a 9% annual coupon. The bond currently sells for $915. If the yield to maturity remains at its current rate of 10%, what will the price be 5 years from now?
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