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1. What is the price of a 7-year 6.12% semi-annual coupon paying bullet bond with a flat term structure at an annualized rate of 5%?

1. What is the price of a 7-year 6.12% semi-annual coupon paying bullet bond with a flat term structure at an annualized rate of 5%? A. $106.48 B. $88.77 C. $106.55 D. $122.98

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