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correct answer? What is the price (per $100 of face value) of a bond which makes semi-annual coupon payments at a coupon rate of 2.9%
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What is the price (per $100 of face value) of a bond which makes semi-annual coupon payments at a coupon rate of 2.9% p.a. and which has 5 years to maturity, if the bond is trading at a yield of 8.5% p.a.? Select one: a. $77.382 b. $77.570 c. $125.891 d. $77.932 c CStep by Step Solution
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