A 25-year 1000 par value bond has an 75 annual coupon the


A 25-year, $1,000 par value bond has an 7.5% annual 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? Show how the answer was obtained using financial calculator.

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Financial Management: A 25-year 1000 par value bond has an 75 annual coupon the
Reference No:- TGS02256143

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