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suppose a​ seven-year, $1,000 bond with a 4.86% coupon rate and semiannual coupons is trading with a yield to maturity of 3.32%.

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suppose a​ seven-year, $1,000 bond with a 4.86% coupon rate and semiannual coupons is trading with a yield to maturity of 3.32%.

If the yield to maturity of the bond rises to 3.65% ​(APR with semiannual​ compounding), at what price will the bond​ trade?

 
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