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A bond that matures in 2 years offers an annual coupon rate of 4%, with interest paid semi annually. At a market discount rate of

A bond that matures in 2 years offers an annual coupon rate of 4%, with interest paid semi annually. At a market discount rate of 6%, the price of this bond per 100 of par value is closest to: 96.28 93.07 96.33

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