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A 20-year, $1,000 par value bond has a 7.5% annual payment coupon. The bond currently sells for $865. If the yield to maturity remains at

A 20-year, $1,000 par value bond has a 7.5% annual payment coupon. The bond currently sells for $865. If the yield to maturity remains at its current rate, what will the price be 5 years from now? Do not round your intermediate calculations.

a. $823.12

b. $935.17

c. $848.00

d. $880.83

e. $942.54

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