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Suppose you bought a bond that will pay $1,000 in 20 years. No intermediate coupon payments will be made. If the appropriate discount rate for

Suppose you bought a bond that will pay $1,000 in 20 years. No intermediate coupon payments will be made. If the appropriate discount rate for the bond is 8 percent,

a. what is the current price of the bond?

b. what will the price be 10 years from today?

c. what will the price be 15 years from today?

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