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One year ago, you purchased a 6 percent annual coupon bond for a clean price of $975. The bond now has five years remaining until maturity. Today,...
One year ago, you purchased a 6 percent annual coupon bond for a clean price of $975. The bond now has five years remaining until maturity. Today, the yield to maturity on this bond is 5.76 percent. How does today's price of this bond compare to your purchase price?