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A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $800. 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 $800. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

$811.11

$608.33

$786.77

$721.88

$892.22

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