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A bond was issued with a 1 0 year maturity, a $ 1 0 0 0 Face Value, 1 0 % coupon rate paid semi

A bond was issued with a 10 year maturity, a $1000 Face Value, 10% coupon rate paid semi-
annually, and a 11% YTM. After five years the YTM for the bond has become 12%, what is the
price of the bond now?
A. $926.40
B. $927.90
C $940.25
D. $962.31

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