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What is the price of a three-year treasury bond with a par value of 100 and a coupon of 4.25% and a yield of 4.75%?

What is the price of a three-year treasury bond with a par value of 100 and a coupon of 4.25% and a yield of 4.75%?

A) 100

B) 99.95

C) 98.62

D) None of the above

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