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A company issues a ten-year bond at par with a coupon rate of 6.4% 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 6.4% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.7%. What is the new price of the bond? O A. $1,293 O B. $1,108 OC. $923 OD. $1,000

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