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32. What was the price, per $100 of face value, of an 8.7% 15 August 2014 Treasury bond settled on 21 April 2008 at a

32. What was the price, per $100 of face value, of an 8.7% 15 August 2014 Treasury bond settled on 21 April 2008 at a yield of 5.8% p.a.? (f = 116, d=181)

A. $114.52

B. $116.71

C. $118.87

D. $115.52

E. None of these

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