Question: A bond has a $1,000 face value, 8 years to maturity, 7.69 percent coupon rate with coupons paid semiannually. The bond is selling today for

A bond has a $1,000 face value, 8 years to maturity, 7.69 percent coupon rate with coupons paid semiannually. The bond is selling today for $1,044. If the yield to maturity of the bond remains constant for the next three years, what will the price of the bond be 5 years from today?

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