Question: A company issues a ten - year $1,000 face value bond at par with a coupon rate of 6.6% paid semiannually. The YTM at the

A company issues a ten - year $1,000 face value bond at par with a coupon rate of 6.6% paid semiannually. The YTM at the beginning of the third year of the bond ( 8 years left to maturity) is 8.9%. What is the new price of the bond? A. $1,211.27 B. $1,000.00 C. $1,038,23 D. $865.19

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