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Question 25-27 A bond security has a $1000 par value, 10 years to maturity, 7% coupon payments (annual compounding), and currently sells for $985. 27.

Question 25-27 A bond security has a $1000 par value, 10 years to maturity, 7% coupon payments (annual compounding), and currently sells for $985. 27. Assuming that YTM is constant for the next 3 years, what will be the price three years from today? a). $880 b). $780 c). $857 d). $950 e). $988

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