A bond offers an annual coupon rate of 4%, with interest paid semiannually. The bond matures in

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A bond offers an annual coupon rate of 4%, with interest paid semiannually. The bond matures in two years. At a market discount rate of 6%, the price of this bond per 100 of par value is closest to:

A. 93.07.

B. 96.28.

C. 96.33.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Question Posted: Nov 04, 2023 11:10 PM

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A bond offers an annual coupon rate of 4%, with interest paid semiannually. The bond matures in

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The correct answer is B 9628 To calculate the price of a bond we need to discount all of its ...View the full answer

Fixed Income Analysis

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