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A 20-year, $1,000 par value bond has a 8.5% annual coupon. The bond currently sells for $880. If the yield to maturity remains at the
A 20-year, $1,000 par value bond has a 8.5% annual coupon. The bond currently sells for $880. If the yield to maturity remains at the current rate, what will the price be 12 years from now?
892.90
913.61
925.04
839.31
946.80
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