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Suppose the current YTM for the floating rate coupon bond is 4% pa. If the floating coupon bond pays coupon semi-annually, what is the price

  1. Suppose the current YTM for the floating rate coupon bond is 4% pa. If the floating coupon bond pays coupon semi-annually, what is the price of this bond if today is the issuance date

    A.

    $102
    B.

    Par value
    C.

    $98
    D.

    Price cant be calculated because maturity and coupon rate are not given

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