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A Company issues a ten year bond at par with a coupon rate of 6.7% paid semi annually. The YTM at the beginning of the

A Company issues a ten year bond at par with a coupon rate of 6.7% paid semi annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.8%. What is the new price of the bond?

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