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You are trying to forecast the price of a bond a year from now considering the following features: The bond's duration is 5, the current

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You are trying to forecast the price of a bond a year from now considering the following features: The bond's duration is 5, the current yield to maturity is 8% and the expected yield to maturity for next year is 8.5%, the current bond price is $850. Calculate the future price of the bond after you calculate the expected change in the yield to maturity given the bond's duration Select one: O a. $1,000 b. $872.25 c. $1,080 d. $828.75 Next page

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