(Answered) You currently own a 5-year bond with a face value of 1000

Finance

You currently own a 5-year bond with a face value of $1,000 and a coupon rate of 10 percent with annual payments. The bond is currently worth $832.39. If market interest rates remain unchanged, what will be the value of the bond when there are only 4 years left until maturity?

$832
$857
$957
$1,000

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