A 20-year bond with a par value of 1000 has a 9 percent


A 20-year bond with a par value of $1,000 has a 9 percent annual coupon. The bond currently sells for $925. If the bond’s yield to maturity remains at its current rate, what will be the price of the bond 10 years from now?

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Financial Management: A 20-year bond with a par value of 1000 has a 9 percent
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