A 30-year, $1,000 par value bond has a 7% annual coupon. The bond currently sells for $925.  If the yield to maturity remains at its current rate, what will the price be 5 years from now?   $1000 $945.18 $938.23 $929.12

Essentials Of Investments
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ISBN:9781260013924
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Chapter1: Investments: Background And Issues
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A 30-year, $1,000 par value bond has a 7% annual coupon. The bond currently sells for $925.  If the yield to maturity remains at its current rate, what will the price be 5 years from now?
 
$1000
$945.18
$938.23
$929.12
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