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QUESTION

A 20-year, $1,000 par value bond has a 9% semi-annual coupon. The bond currently sells for $925. If the yield to maturity remains at its current

A 20-year, $1,000 par value bond has a 9% semi-annual coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

           1.        $932.91

           2.        $941.86

           3.        $951.87

           4.        $965.84

           5.        $978.40

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