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As an investor, you decide to purchase the new issue of COSTCO's new Bond issue. The 7-year maturity semiannual-pay bond has a bullet cash flow
As an investor, you decide to purchase the new issue of COSTCO's new Bond issue. The 7-year maturity semiannual-pay bond has a bullet cash flow structure with a fixed-rate coupon of 1.80% and will sell at an initial yield of 2.25%. Based on this information, what is the value (price) of the bond assuming $100 of par value (closest to)
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