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A company issues a ten-year bond at par with a coupon rate of 6.9% 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 6.9% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 8.9%. What is the new price of the bond? O A. $1,242 . $1,065 . $887 D. $1,000

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