What is the price of the bond now

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Problem 1: A bond was issued with a 10 year maturity, a $1000 Face Value, 10% coupon rate paid semi-annually, and a 11% YTM. After five years the YTM for the bond has become 12%, what is the price of the bond now?

A) $926.40
B) $927.90
C) $940.25
D) $962.31
E) None of the above.

Reference no: EM132816712

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