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Kwickee-Mart has annual coupon $1000 par value bonds outstanding with 25 years to maturity. These bonds with a 6% annual coupon rate sell for $910.
Kwickee-Mart has annual coupon $1000 par value bonds outstanding with 25 years to maturity. These bonds with a 6% annual coupon rate sell for $910. What will be the expected price of these bonds in 5 years at today's yield to maturity? a. $918.43 b. $892.80 c. $1010.70 d. $880.52 e $903.25
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