A company issues a ten year 1000 value bond at par with a


A company issues a ten year $1,000 value bond at par with a coupon rate of 6.1% paid semiannully. The Ytm at the beginning of the third year of the bond ( 8 years left to maturity) is 8.1 %. What is the new price of the bond?

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Financial Management: A company issues a ten year 1000 value bond at par with a
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