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What will the price be five years from now

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Reference no: EM132636691

A 25-year, P1,000 par value bond has an 8.5% annual payment coupon.

Question 1: The bond currently sells for P925. If the yield to maturity remains at its current rate, what will the price be 5 years from now? (Hint: YTM is 9.28%)

Reference no: EM132636691

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