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Gibraltar Industries is issuing a bond with a 5.25% coupon rate that matures in 15 years. At a yield to maturity of 5.90%, the price

Gibraltar Industries is issuing a bond with a 5.25% coupon rate that matures in 15 years. At a yield to maturity of 5.90%, the price per $100 is closest to:

$93.59.

$106.69.

$93.65.

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