Question: Please help me study for a test by answering this problem. A 20-year, $1,000 par value bond has an 6.4% annual payment coupon. The bond

Please help me study for a test by answering this 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

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