What would be the bond price five years from now

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Question: A 25 year, $1,000 par value bond has an annual coupon of 8.5%. The bond currently sells for $875. If the yield to maturity remains at its current rate, what would be the bond price 5 years from now? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131925268

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