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What is the quoted price of a bond that matures in exactly 6 years, has a coupon rate of 5% and a YTM of 7%?
What is the quoted price of a bond that matures in exactly 6 years, has a coupon rate of 5% and a YTM of 7%? Assume the issuer just made a coupon payment.
A.90.34
B.685.42
C.90.57
D.903.37
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