Question: Future annual bond value 1. A 15-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $1,150.56. If the

Future annual bond value

1. A 15-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $1,150.56. If the yield to maturity remains at its current rate, what will the price be 4 years from now?

a. $ 925.00

b. $ 988.66

c. $1,075.00

d. $1,121.39

e. $1,166.13

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