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A bond has a $1,000 par value, 8 years to maturity, and a 6.5% annual coupon and sells for $1,024.74. The yield to maturity is
A bond has a $1,000 par value, 8 years to maturity, and a 6.5% annual coupon and sells for $1,024.74. The yield to maturity is 6.1%. Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today? Select one: a. $1,016.80 O b. $1,280.93 O c. $1,024.74 O d. $1,147.71 O e. $1,096.47
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