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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 third year

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 9.3%. What is the new price of the bond?

A. $ 1,198

B. $ 856

C. $ 1,027

D. $1,000

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