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What is the price of a 2 year, 5% annual paying coupon bond with a gross redemption yield of 7%? a) $96.38 per $100 nominal
What is the price of a 2 year, 5% annual paying coupon bond with a gross redemption yield of 7%?
a) $96.38 per $100 nominal
b ) $97.20 per $100 nominal
c) $102.80 per $100 nominal value
d) $103.72 per $100 nominal value
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