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A 10,000 bond with 8 semiannual coupons is being sold to Steve three years and four months before the bond matures. The purchase will yield

A 10,000 bond with 8 semiannual coupons is being sold to Steve three years and four months before the bond matures. The purchase will yield 6, convertible semiannually to the buyer. Determine the difference between the theoretical price and the quoted price.

a. 26

b. 55

c. 81

d. 133

e. 266

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