A 20-year bond with a $1,000 face value was issued with a yield to maturity of 4.3% and pays coupons semi-annually. After ten years, the yield to maturity is still 4.3% and the clean price of the bond is $959.71
After three more months go by, what would you expect the dirty price to be?
A) $978.71
B) $969.21
C) $997.71
D) Cannot be determined from information given.
Answer: B
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