What will be the price five years from now

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Problem 1: A 20-year, $1000 par value bond has a 9% annual coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will be the price 5 years from now?

Option 1: $933.09
Option 2: $941.86
Option 3: $951.87
Option 4: $965.84

Reference no: EM132817790

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