Question
A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $850. If the yield to maturity remains at
A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $850. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
Group of answer choices
$652.92
$979.38
$910.65
$721.65
$859.10
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
