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QUESTION
a) 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925.
a) 25-year, $1,000 par value bond has an 8.5% annual payment 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?
