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BC 4. A 25-year, $1,000 par value bond has an 8% annual payment coupon. The bond currently sells for $901.77. If the yield to maturity

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BC 4. A 25-year, $1,000 par value bond has an 8% annual payment coupon. The bond currently sells for $901.77. If the yield to maturity remains at its current rate, what will the price be 5 years from now? 1. $905.57 2. $908.71 3. $935.82 4. $944.65 5. $961.10

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