A bond was issued three years ago at a price of $1,034 with a maturity of six years, a yield-to-maturity (YTM) of 4.50% 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 5.75% compounded semi-annually?
$885 |
|
$910 |
|
$935 |
|
$959 |
|
$984 |
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