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A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. 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 $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now? (select the closest answer - your answer may be different by a few pennies due to rounding) Group of answer choices $884.19 $908.86 $953.36 $930.20
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