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20-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $945. If the yield to maturity remains at its
20-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $945. If the yield to maturity remains at its current rate, what will the price be 6 years from now? Do not round your intermediate calculations. a. $889.81 b. $1,012.92 c. $939.14 d. $953.01 e. $972.85
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