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What price would you expect to pay for a bond with a face value of 100, a coupon rate of 12% and a yield of

What price would you expect to pay for a bond with a face value of 100, a coupon rate of 12% and a yield of 10%. Interest is paid annually

  1. 93.93
  2. 95.20
  3. 100
  4. 104.97

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