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