Question: a bond has 10 years until maturity. the face value on the bond is $1000, while the coupon rate attached to the bond is 6.125%.

a bond has 10 years until maturity. the face value on the bond is $1000, while the coupon rate attached to the bond is 6.125%. The bond pays coupons on an annual basis. Investors seek a 6% return on the bond. Find the price of the bond if the yield to maturity changes to 6%.

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