Question: Suppose a 7 7 - year, $ 1 , 0 0 0 bond with a coupon rate of 6 % and semiannual coupons is trading

Suppose a 77-year, $1,000 bond with a coupon rate of
6% and semiannual coupons is trading with a yield to maturity of
4.12%.
a. If the yield to maturity of the bond rises to 4.55%
(APR with semiannual compounding), at what price will the bond trade?

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