What will the price be for this bond in 5 years

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The current yield to maturity (YTM) of a 30-year coupon bond with $1,000 par value, 7.5% coupon rate and semi-annual payment is 3.17%. Let's assume that in 5 years, the YTM on this increases to 5.24%. What will the price be for this bond in 5 years?

Reference no: EM131891002

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