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Find what will the price be five years from now

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Problem 1: A 25-year, P1,000 par value bond has an 8.5% annual payment coupon. 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: EM132636922

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