What is the price of the bond

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Reference no: EM132031204

You are purchasing a bond that currently sold for $985.63. It has time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. The bond can be called for $1020 in 3 years. What is the price of the bond, 4 years from today if the bond is not called and it has the yield-to-maturity of 6.23%?

Reference no: EM132031204

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