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A bond currently sells for $ 9 2 5 . It is a 2 0 - year bond with a par value of $ 1

A bond currently sells for $925. It is a 20-year bond with a par value of $1,000 and has a 9% annual coupon. If the bond's yield to maturity [YTM] remains at its current rate, what will be the price of the bond 5 years from now? [Hint: Think of remaining years to maturity and find YTM first].

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