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Posted on Oct 06, 2024

A 5% coupon-paying bond has a face value of $100, yield to maturity of 4% p.a. and 3 years to maturity. Coupons are paid semi-annually.

A 5% coupon-paying bond has a face value of $100, yield to maturity of 4% p.a. and 3 years to maturity. Coupons are paid semi-annually. If you buy the bond today at $100, you buy the bond:

	A.	At no gain/loss
	B.	At a loss
	C.	At a gain

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