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What is the price of a bond with an initial YTM of 8.5%, semi-annual coupon of 9.5%, maturing in 6 months when the YTM changes
What is the price of a bond with an initial YTM of 8.5%, semi-annual coupon of 9.5%, maturing in 6 months when the YTM changes to 7.3%?
a. $98.55
b. $99.88
c. $101.73
d. $101.06
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