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A 2 5 - year, $ 1 , 0 0 0 par value bond has an 8 . 5 % annual payment coupon. The bond

A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 6 years from now? Do not round your intermediate calculations.
a. $859.14
b. $1,000.69
c. $918.74
d. $931.43
e. $965.26
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