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A 15-year, $1,000 par value bond has a 7.0% annual payment coupon. The bond currently sells for $830. If the yield to maturity remains at
A 15-year, $1,000 par value bond has a 7.0% annual payment coupon. The bond currently sells for $830. If the yield to maturity remains at its current rate, what will the price be 5 years from now? Do not round your intermediate calculations.
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