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A 2 9 - year, $ 1 , 0 0 0 par value bond has an 9 . 2 5 % annual coupon. The bond

A 29-year, $1,000 par value bond has an 9.25% annual coupon. The bond currently
sells for $945. If the yield to maturity remains at its current rate, what will the price be
4 years from now?
a.945.00
b.940.85
C.946.77
d.982.90
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