Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 4) A bond has a $1,000 par value,

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

4) A bond has a $1,000 par value, 15 years to maturity, and an 6% annual coupon and sells for $1180. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today?

1,132

1,022

1,085

1,354

1,235

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