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4. What is the price of a coupon bond with a face value of $300 and 7 years to maturity, which makes semiannual coupon payments

4. What is the price of a coupon bond with a face value of $300 and 7 years to maturity, which makes semiannual coupon payments at the rate of 3% p.a., if it is trading at a yield of 6%?

A. $246.14 B. $249.17 C. $249.76 D. $246.73

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