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16. Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $890. If the
16.
Question 16 5 pts A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $890. If the yield to maturity remains at the current rate, what will the price be 10 years from now? Your answer should be between 770.15 and 1.026.90, rounded to 2 decimal places, with no special characters Step by Step Solution
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