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Suppose a bond has an annual coupon of $12 per year paid in two semiannual installments and par value of $100. Assume a semiannual
Suppose a bond has an annual coupon of $12 per year paid in two semiannual installments and par value of $100. Assume a semiannual period is 182 days and there are 52 days until the next coupon. Besides the next coupon in 52 days, there will be three more semiannual coupons and a par value of $100 at final maturity. Compute the bond's clean price if annualized semiannually compounded yield to maturity is 10%. $99.2 $100.5 $101.6 O $102.9 O $98.4
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