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A company issues a ten-year bond at par with a coupon rate of 6.1% 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 6.1% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 99%.

What is the new price of the bond?

A.

$1,005

B.

$837

C.

$1,172

D.

$1,000

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