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Posted on Aug 19, 2024

A 2 0 - year, $ 1 , 0 0 0 par value bond has a 9 . 5 % yield to maturity. The bond

20 -

year, $

1, 000

par value bond has a

9.5 %

yield to maturity. The bond currently sells for $

867.81 .

If the

annual coupon rate remains at its current rate, what will the price be

5

years from now?

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