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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 10 years from now?
a. 946.80
b. 925.04
c. 839.31
d. 913.61
e. 887.01
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