Question: A bond was issued with a 10 year maturity, a $1000 Face Value, 10% coupon rate paid semiannually, and a 11% YTM. After five years

A bond was issued with a 10 year maturity, a $1000 Face Value, 10% coupon rate paid semiannually, and a 11% YTM. After five years the YTM for the bond has become 12%, what is the price of the bond now?

A. $926.40 B. $927.90 C. $940.25 D. $962.31

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