Future price a bond has a 1000 par value 14 years to, Ask an Expert

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FUTURE PRICE A bond has a $1,000 par value, 14 years to maturity, and a 6% semiannual coupon and sells for $975. Assume that the yield to maturity remains at 6.27% for the next 2 years. What will the price be 2 years from today? Round to TWO decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91557655

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