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QUESTION 3 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

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QUESTION 3 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 rato, what will the price be 5 years (20 years left) from now? Your answer should be xxx.xx without the $ sign. QUESTION 4

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