Question: Question 9 (1 point) A bond was issued three years ago at a price of $1,032 with a maturity of six years, a yield-to-maturity (YTM)

 Question 9 (1 point) A bond was issued three years ago

Question 9 (1 point) A bond was issued three years ago at a price of $1,032 with a maturity of six years, a yield-to-maturity (YTM) of 4.25% 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 5.50% compounded semi-annually? $983 $1,007 O $1,032 $1,056 $1,081

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