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Krustyburger has annual coupon $1000 par value bonds outstanding with 20 years to maturity. These bonds with a 6% annual coupon rate sell for $895.
Krustyburger has annual coupon $1000 par value bonds outstanding with 20 years to maturity. These bonds with a 6% annual coupon rate sell for $895. What will be the expected price of these bonds in 4 years at today's yield to maturity?
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