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A 3-year 6.5 percent semiannual-pay bond has a current yield of 6.61 percent. What is the current market price as a percent of par? Group

A 3-year 6.5 percent semiannual-pay bond has a current yield of 6.61 percent. What is the current market price as a percent of par?

Group of answer choices

A. 101.692

B. 98.336

C. 99.705

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