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A company issues a​ ten-year bond at par with a coupon rate of 6.1% paid​ semi-annually....

A company issues a​ ten-year bond at par with a coupon rate of 6.1% paid​ semi-annually. The YTM at the beginning of the third year of the bond​ (8 years left to​ maturity) is 99​%.

What is the new price of the​ bond?

A.

$1,005

B.

$837

C.

$1,172

D.

​$1,000

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