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Please be specific of how you calculated it. What is the written equation. Do not use the excell please and thank you. 2. A 25

Please be specific of how you calculated it. What is the written equation. Do not use the excell please and thank you.

2. A 25 -year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now

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