A bond was issued three years ago at a price of $954 with a maturity of...

A bond was issued three years ago at a price of $954 with a maturity of six years, a yield-to-maturity (YTM) of 7.25% 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 fallen to 6.00% compounded semi-annually?

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jeff jeffy answered 1 year ago

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