What will the price be 5 years from now

Reference no: EM13291067

A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

a. $884.19
b. $906.86
c. $930.11
d. $953.36
e. $977.20

Reference no: EM13291067

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