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Gibralta Industries is issuing a bond with a 4.50% coupon rate that matures in 10 years. At a yield to maturity of 3.95%, the price

Gibralta Industries is issuing a bond with a 4.50% coupon rate that matures in 10 years. At a yield to maturity of 3.95%, the price per $100 is closest to:

A.

$95.61.
B.

$104.47.
C.

$104.51.

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