Multiple Choice
A 25-year, $1,000 par value bond has an 8.5% annual coupon.The bond currently sells for $875.If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A) $839.31
B) $860.83
C) $882.90
D) $904.97
E) $927.60
Correct Answer:
Verified
Correct Answer:
Verified
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