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23-year, $1,000 par value bond has an 7.75% annual coupon. The bond currently sells for $1.045. If the yield to maturity remains at its current

23-year, $1,000 par value bond has an 7.75% annual coupon. The bond currently sells for $1.045. If the yield to maturity remains at its current rate, what will the price be 3 years from now?

	A.	734
	B.	1045.00
	C.	1030.50
	D.	1042.40

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