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An investor who owns a corporate bond with an 8.50% coupon rate that pays coupons semiannually and matures in 18 months is considering its sale.

An investor who owns a corporate bond with an 8.50% coupon rate that pays coupons semiannually and matures in 18 months is considering its sale. If the required rate of return on the bond is 10% with continuous compounding, and the face value is $100, then the price of the bond is

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