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Six years ago, you purchased a 20-year, 6.30 percent annual coupon bond at a price of $1,095.60. The bond's face value is $1,000. Just after
Six years ago, you purchased a 20-year, 6.30 percent annual coupon bond at a price of $1,095.60. The bond's face value is $1,000. Just after purchasing the bond, its yield to maturity decreased to 4.82 percent and has remained at that level. Calculate the price of your bond today.
Group of answer choices
$1,076.72
$1,075.55
$1,148.20
$1,095.60
$1,127.09
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