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A 30-year bond has a $1,000 Par Value, as of today has 15 years before maturity, has a Market Rate of 5% and has a

A 30-year bond has a $1,000 Par Value, as of today has 15 years before maturity, has a Market Rate of 5% and has a 6% annual Coupon Rate and sells for $1,103.80. If the Yield-to-maturity (Market rate) remains the same, what will the price of the bond be in 4 years?

$1,166.13

$1,207.59

$1,083.06

$1,307.45

None of these selections are correct

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