A bond was issued three years ago at a price of $1,066 with a maturity of six years, a yield-to-maturity (YTM) of 8.50% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons.What is the price of this bond today immediately after the receipt of today's coupon if the YTM has risen to 9.75% compounded semi-annually?

Question 25 options:

a)$1,005

b)$1,030

c)$1,055

d)$1,080

e)$1,105