Question: A bond has a $1,000 par or face value, 16 years to maturity, an annual coupon rate of 4%, and a yield to maturity (YTM)

A bond has a $1,000 par or face value, 16 years to maturity, an annual coupon rate of 4%, and a yield to maturity (YTM) of 4.80%. If there is no change in the YTM, what will its price be in 4 years? $928.29 $971.86 $983.38 $1,007.51 $1,044.65

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