Based on the following information concerning a corporate bond: Par value: $1,000 Years to maturity: 15 years Coupon rate: 8% paid semiannually Current interest rate: .11 What is the expected price of the bond in 5 years? Assume that the interest rate will remain the same as the current rate.

Based on the following information concerning a corporate bond: Par value: \\( \\$ 1,000 \\) Years to maturity: 15 years Coupon rate: \8 paid semiannually Current interest rate: .11 What is the expected price of the bond in 5 years? Assume that the interest rate will remain the same as the current rate