A 25-year,$1,000 par value bond has an 8.5% annual payment coupon.The bond currently sells for $825.If the yield to maturity remains at its current rate,what will the price be 5 years from now?
A) $801.76
B) $626.38
C) $843.52
D) $835.17
E) $726.60
Correct Answer:
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