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pls help will up vote A bond fund manager makes a forecast that she believes will be accurate about interest rates in five years. She
pls help will up vote
A bond fund manager makes a forecast that she believes will be accurate about interest rates in five years. She forecasts that 20-year bonds will yield 8% five years from now. Currently, a 25-year bond pays interest once per year of 7% sells for price of $867.42. If the fund manager's prediction is correct, what will the bond's price be five years from now in dollars and cents. (Use a financial calculator or Excel to solve this.) Step by Step Solution
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