A bond was issued three years ago at a price of $1,050 with a maturity of six

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A bond was issued three years ago at a price of $1,050 with a maturity of six years, a yield-to-maturity (YTM) of 6.50% 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 risen to 7.75% compounded semi-annually?

Question 12 options:

$969

$994

$1,019

$1,044

$1,068

Posted Date: May 17, 2024 04:00 AM

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A bond was issued three years ago at a price of $1,050 with a maturity of six

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