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What would an investor pay per $100 par value for a 3-year 10% pa annual coupon bond on issue if they wanted a 12% pa
What would an investor pay per $100 par value for a 3-year 10% pa annual coupon bond on issue if they wanted a 12% pa yield?
Select one:
A.
$100.00
B.
$95.20
C.
$93.93
D.
$104.76
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