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A 10-year, 4.8% bond with a face value of 1000 has a annual nominal yield rate of 6.2%. Find the purchase price of the bond
A 10-year, 4.8% bond with a face value of 1000 has a annual nominal yield rate of 6.2%. Find the purchase price of the bond 2 months before the payment of the 12th coupon.
A. 951.07
B. 965.20
C. 988.95
D. 945.75
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