Company issues a? ten-year bond at par with coupon rate

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A company issues a? ten-year bond at par with a coupon rate of 6.6?% paid? semi-annually. The YTM at the beginning of the third year of the bond? (8 years left to? maturity) is 7.7?%. What is the new price of the? bond? A)1309 B)935 C)1122 D)1000

Reference no: EM131320428

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Company issues a? ten-year bond at par with coupon rate : A company issues a? ten-year bond at par with a coupon rate of 6.6?% paid? semi-annually. The YTM at the beginning of the third year of the bond? (8 years left to? maturity) is 7.7?%. What is the new price of the? bond?

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