Question
An 8% coupon-paying bond has a yield to maturity of 10% p.a. The bond has a face value of $100 and 19 months to maturity.
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An 8% coupon-paying bond has a yield to maturity of 10% p.a. The bond has a face value of $100 and 19 months to maturity. Coupons are paid semi-annually. What is the bonds clean price? Choose the closest answer.
A. $100
B. $98.89
C. $96.84
D. $97.12
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
