Question a bond has a 1000 face value 12 years to maturity, Ask an Expert

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Question: A bond has a $1,000 face value, 12 years to maturity, and 8 percent coupon rate with coupons paid annually. The bond is selling today for $980. If the yield to maturity of the bond remains constant for the next three years, what will the price of the bond be 3 years from today?

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