How the answer was obtained using financial calculator

Reference no: EM131925234

Question: A 25-year, $1,000 par value bond has an 7.5% annual coupon. The bond currently sells for $825. If the yield to maturity remains at its current rate, what will the price be 5 years from now? Show how the answer was obtained using financial calculator. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131925234

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