Question: You bought $ 1 k par 3 0 - year maturity bond that would pay 6 % coupon. Five years 3 months later, the issuer

You bought $1k par 30-year maturity bond that would pay 6% coupon. Five years 3 months later, the issuer has become risker and its discount rate risen to 8%. You plan to sell the bond as your portfolio would no longer permit you to hold such a risky bond. What price can you sell the bond at? Group of answer choices $785 $800 $815 $851

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