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A 2 0 - year, $ 1 , 0 0 0 par value bond has a 6 . 5 % annual payment coupon. The bond

A 20-year, $1,000 par value bond has a 6.5% annual payment coupon. The bond currently sells for $926.98. If the yield to maturity remains at its current rate, what will the price be 3 years from now?
a. $ 872.29
b. $ 932.59
c. $ 950.00
d. $ 981.70
e. $1,000.00

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