Question: A bond has a $1,000 face value, 18 years to maturity, and 7.6 percent coupon rate with coupons paid annually. The bond is selling today

A bond has a $1,000 face value, 18 years to maturity, and 7.6 percent coupon rate with coupons paid annually. The bond is selling today for $980. If the yield to maturity of the bonds remains constant for the next seven years, what will the price of the bond be 7 years from today? Please show some work

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