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The following situation concerns questions 14-15. Consider a 30-year Government of Canada bond with 10% coupon rate (annual coupon payments) and a $100 face value.

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The following situation concerns questions 14-15. Consider a 30-year Government of Canada bond with 10% coupon rate (annual coupon payments) and a $100 face value. 14. Consider the above information. What is the initial price of this bond if it has 5% yield to maturity? (Hint: use 4 decimal places for your calculations.) A. $196.86. B. $220.20. C. $230.93. D. $156.86. E. None of the above

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