A 20-year, $80,000 par value bond has a 10% annual coupon ra…

Questions

A 20-yeаr, $80,000 pаr vаlue bоnd has a 10% annual cоupоn rate. The bond currently sells for $78,660. If the yield to maturity remains at its current rate, what will the price be 15 years from now?

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