Question: A company issues a ten - year $ 1 , 0 0 0 face value bond at par with a coupon rate of 6 .

A company issues a ten-year $1,000 face value bond at par with a coupon rate of 6.3% paid semiannually. The YM at the beginning of the third year of the bond (8 years left to maturity) is 8.7%. What is the new price of the bond? A. $863.71 B. $1,209.2 C. $1,036.46 D. $1,000.00

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