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A 13-year bond with a par value of $1,000 has a 7.5 percent annual coupon. The bond currently sells for $1,047. If the bond's yield

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A 13-year bond with a par value of $1,000 has a 7.5 percent annual coupon. The bond currently sells for $1,047. If the bond's yield to maturity remains at its current rate, what will be the price of the bond 3 years from now? $1,049.47 $1,069.47 $1,059.47 $1,039.47 $1,079.47

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