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A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $950. If the yield to maturity remains at its

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A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $950. If the yield to maturity remains at its current rate, what will the price be 5 years from now? Select the correct answer. a. $957.54 b. $945.51 c. $953.53 d. $949.52 e. $961.55

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