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A UK government bond has exactly 10 years to maturity, has a par value of 100 and pays coupons at the rate of 15%. If
A UK government bond has exactly 10 years to maturity, has a par value of 100 and pays coupons at the rate of 15%. If the appropriate discount rate is 7%, what is a fair price to pay today for the bond?
O A 157.67
B. 155.16
O C. 156.85
O D.154.63
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
