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A two-year bond with a continuously-compounded yield of 10.6 % pays an 8% coupon at the end of each year. What is the bond price?

A two-year bond with a continuously-compounded yield of 10.6 % pays an 8% coupon at the end of each year. What is the bond price?

$ 942
$ 947
$ 951
$ 956
$ 961

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