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A company issues a ten-year bond at par with a coupon rate of 6.5% paid semi-annually. The YTM at the beginning of the third year

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A company issues a ten-year bond at par with a coupon rate of 6.5% 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? A. $1,293 B. $924 C. $1,108 D. $1,000

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