A bond was issued three years ago at a price of $1,038 with a maturity of six years, a yield-to-maturity (YTM) of 5.00% 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 6.25% compounded semi-annually? $962 $986 $1,011 $1,036 $1,060
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