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A 100 par value treasury bond with coupon rate 6% convertible semiannually matures on 3/31/2023. Find the market price of the bond if purchased on

A 100 par value treasury bond with coupon rate 6% convertible semiannually matures on 3/31/2023. Find the market price of the bond if purchased on 10/26/2018 to yield 6.26% (nominal rate). Choose the closest answer.

A. 98.90, B. 97.80, C. 99.00, D. 99.40, E.99.95

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