Question: A bond has a $ 1 , 0 0 0 par value, 1 0 years to maturity, 7 percent semiannual coupon, and sells for $

A bond has a $1,000 par value, 10 years to maturity, 7 percent semiannual coupon, and sells for $996. Assume that the YTM remains constant for the next 3 years. What will the price be 3-years from today?

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