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A 2 0 - year, $ 1 , 0 0 0 par value bond has a 9 % semi - annual coupon. The bond currently

20 -

year, $

1, 000

par value bond has a

9 %

semi

-

annual coupon. The bond currently sells for $

925 .

If the yield to maturity remains at its current rate, what will the price be

2

years from now?

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