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Newly issued 10-year Treasury bonds are available with a coupon rate of 8 per cent. If the current yield on existing 10-year bonds is 7.2
Newly issued 10-year Treasury bonds are available with a coupon rate of 8 per cent. If the current yield on existing 10-year bonds is 7.2 per cent per annum, what price per $100 of face value should an institution be prepared to pay for the new bonds? Multiple Choice $105.63 O O $106.53 O $108.00 $107.20 O
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