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I will rate and thank you! A 20-year. $1,000 par value bond has an 9.0% annual payment coupon. The bond currently sells for $900. If
I will rate and thank you! A 20-year. $1,000 par value bond has an 9.0% annual payment coupon. The bond currently sells for $900. If the yield to maturity remains at its current rate, what will the price be 5 years from now? (Hint: First find the YTM at this time, then use the YTM with the other data to find the bond's price 5 years later). You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, UY, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission. O$900.00 O$910.47 $955,11
I will rate and thank you!
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