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Question 9 (1 point) A bond was issued three years ago at a price of $932 with a maturity of six years, a yield-to-maturity (YTM)

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Question 9 (1 point) A bond was issued three years ago at a price of $932 with a maturity of six years, a yield-to-maturity (YTM) of 4.50% compounded semi-annually, and a face value of $1,000 with semi-annualy coupons. What is the price of this bond today immediately after the receipt of today's coupon if the YTM has fallen to 3.25% compounded semi-annually? $998 $1,023 $1,048 $1,073 $1,098

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