Question: A 6 . 0 8 % annual coupon, 8 - year bond has a yield to maturity of 4 . 4 3 % . Assuming

A 6.08% annual coupon, 8-year bond has a yield to maturity of 4.43%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what should the price of the bond be today?

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