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86. A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $825. If the yield to maturity remains

86. A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $825. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

a.

$801.76

b.

$626.38

c.

$843.52

d.

$835.17

e.

$726.60

I got an I/Y of 10.5% for the first part which is correct but I keep getting 835.38 instead of 835.17. What could I be doing wrong in my calculations on my calculator (BAII Plus)

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