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A 25-Year,$1,000 Par Value Bond Has an 8

Question 55

Multiple Choice

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

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