Question: Future annual bond value 5 . A 1 5 - year, $ 1 , 0 0 0 par value bond has an 8 % annual

Future annual bond value
5. A 15-year, $1,000 par value bond has an 8% annual payment coupon. The bond currently sells for $900.71. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
a. $ 920.65
b. $ 923.44
c. $ 927.88
d. $ 930.00
e. $1,000.00

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