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SHOW YOUR WORK ! need to be able to read 2. A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond

SHOW YOUR WORK ! need to be able to read image text in transcribed

2. A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $750. If the yield to maturity remains at its current rate, what will the price be 5 years from now? Show your calculation

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