Assume that the yield to maturity remains constant

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A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080.

A) Assume that the yield to maturity remains constant for the next 4 years. What will the price be 4 years from today? Round your answer to the nearest cent

Reference no: EM13890304

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