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You manage an investment portfolio and are considering a 1 0 - year bond with a face value of $ 1 , 0 0 0

You manage an investment portfolio and are considering a 10-year bond with a face value of $1,000 that, according to the prospectus, you can purchase on February 1,2024 when it is initially issued. The bond is designed to provide a 5.3% yield-to-market (YTM) and makes annual February 1 coupon payments. The underwriter has stated the issuers intention to sell the bonds at face value (par) and your plan is purchase the bonds at issuance for $1,000 apiece, meaning the YTM will equal the coupon rate on the date of sale.
If the YTM is expected to remain constant, what is the minimum price you would accept to sell the bond on January 31,2026, the day before you receive the 2nd coupon payment?
Group of answer choices
$1,059.00
$1,061.00
$1,053.00
$1,183.00
$1,000.00

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