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A 9.0% coupon semiannual bond has 10 years remaining until maturity. It is currently selling for $1124 for every $1000 of face value. Suppose you

A 9.0% coupon semiannual bond has 10 years remaining until maturity. It is currently selling for $1124 for every $1000 of face value. Suppose you purchase the bond at the current price, and hold it for 3 years. At the end of the 3 years, the yield on the bond has risen by 50 basis points, and you decide to sell the bond. Find the price at which you would be able to sell the bond.

A. $1050.38

B. $1067.12

C. $1042.19

D. $1036.54

E. $1078.36

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