ATC Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.If market interest rates are constant, what will the price of the ATC Corporate bond be in three years?
a. $1,102.85
b. $904.29
c. $1,097.63
d. $1,098.50



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