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A bond has a $ 1 , 0 0 0 par value, 1 2 years to maturity, and an 8 . 2 7 % annual

A bond has a $1,000 par value, 12 years to maturity, and an 8.27%
annual coupon and sells for $980.
Assume that the yield to maturity remains constant for the next three
years. What will the price be 3 years from today?
A) $987.20
B) $983.32
C) $993.08
D) $980.92
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