Yield to maturity and future price a bond has a 1000 par, Financial Management

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Yield to maturity and future price a bond has a 1000 par

Yield to maturity and future price A bond has a $1,000 par value, 15 years to maturity, and a 8% annual coupon and sells for $1,080. Assume that the yield to maturity remains constant for the next 5 years. What will the price be 5 years from today? Round your answer to the nearest cent.

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Financial Management: Yield to maturity and future price a bond has a 1000 par

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Financial Management: Yield to maturity and future price a bond has a 1000 par

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