Question: GreenLeaf issued a bond 2 years ago that was initially a 5 -year bond with annual coupons of $30 and a face value of $1,000.

GreenLeaf issued a bond 2 years ago that was initially a 5 -year bond with annual coupons of $30 and a face value of $1,000. At the time, the yield was 3% and the bond was priced at $1,000. Now there is only 3 years remaining to maturity and the yield has changed to 5%. The current coupon was just paid yesterday. What is the current value of the bond? $945$965$985$1,005

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