Question: Ouestion 3 A 2 5 - year, $ 1 , 0 0 0 par value bond has an 8 . 5 % annual coupon. The

Ouestion 3
A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $875.
If the yield to maturity remains at its current rate, what will the price be 5 years from now?
Can you solve this with equation? don't use financial calculator or excel
Ouestion 3 A 25-year, $1,000 par value bond has an 8.5%

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