Question: A 3 0 - year, $ 1 , 0 0 0 par value bond has a 7 % annual payment coupon. The bond currently sells

A 30-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $965. If the yield to maturity remains at its current rate, what will the price be 7 years from now?

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