A 20-year semi-annual bond with a $1,000 face value was issued with a Yield- to-Maturity of 4.30% and a coupon rate of 3.80%. After 10 years, the Yield-to- Maturity is still 4.30% and the clean price of the bond is $959.71. After four more months go by, what would you expect the dirty price to be? A) $962.87 B) $969.21 C) Cannot be determined from information given. D) $972.37 E) $975.54

Q&A Education