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A bond pays semi-annual coupons of $110 and is purchased at a price to yield j 2 = 5%. The interest adjustment portion of the

A bond pays semi-annual coupons of $110 and is purchased at a price to yield j2 = 5%. The interest adjustment portion of the fifth coupon payment is $59.23.

What is the interest adjustment portion of the tenth coupon payment?

  • A.

    $53.96

  • B.

    $57.44

  • C.

    $67.01

  • D.

    52.56

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