The bond currently sells for 875 if the yield to maturity


A bond with a 25-year maturity has an 8.5% semi-annual coupon. The bond currently sells for $875. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

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Financial Management: The bond currently sells for 875 if the yield to maturity
Reference No:- TGS02310465

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