Bond K has a coupon rate 6% per year (coupons paid out semi-annually), yield to maturity 3.5% per half-year and currently sell at price of $Y. What will be the price of the bond 1 year from now, right after the coupon is paid out (assuming the yields stay unchanged)?

a.

More than $Y

b.

Need more information to answer

c.

Unchanged

d.

Less than $Y