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A 20-year, $1,000 par value bond has 9.5% annual payment coupon. The bond currently sells for...

A 20-year, $1,000 par value bond has 9.5% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 5 years from now?   (Answer to the nearest cent, xxx.xx and enter without the dollar sign )

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jeff jeffy answered 2 years ago
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