A 25-year, $1,000 par value bond has an 8.5% 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? (Points: 3)

a.

$839.31

b.

$860.83

c.

$882

d.

$904.97

e.

$927.60

a.

$839.31

b.

$860.83

c.

$882

d.

$904.97

e.

$927.60

### Recently Asked Questions

- Bill invests $7100 in a savings account that compounds the interest monthly at a APR of 4.7% Ted invests $7,300 in a savings account that compounds interest is

- Which of the following is more likely to be effective in increasing the growth rate of real GDP? permanent cuts in business taxes temporary cuts in income

- A psychologist claims that more than 5.8 percent of the population suffers from professional problems due to extreme shyness. Express the null hypothesis and