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A 20-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $880. If the yield to maturity remains at its
A 20-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $880. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
