Question: DIRECTIONS: Use the following information to solve the problem A 20-year, $1,000 par value bond has an 6.4% annual payment coupon. The bond currently sells

DIRECTIONS: Use the following information to solve the problem A 20-year, $1,000 par value bond has an 6.4\% annual payment coupon. The bond currently sells for $1,080. If the yield to maturity remains at its current rate, what will the price be 4 years from now? The Yield to maturity will be I/YR %=YTM Question 7 1pts DIRECTIONS: Use the following information to solve the problem A 20-year, $1,000 par value bond has an 6.4\% annual payment coupon. The bond currently sells for $1,080. If the yield to maturity remains at its current rate, what will the price be 4 years from now? The present value will be $

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