CHAPTER 14: BOND PRICES AND YIELDS

Yield to maturity and bond value--annual bond Answer: d Diff: E. A 20-year bond with a par value of $1,000 has a 9 percent annual coupon. The bond currently sells for $925. If the bond’s yield to maturity remains at its current rate, what will be the price of the bond 5 years from now? a. $ 966.79. b. $ 831.35. c. $1,090.00. d. $ 933.09. e ... ................
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