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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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