An investor who owns a bond with a 9% coupon rate that pays interest semiannually and matures

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An investor who owns a bond with a 9% coupon rate that pays interest semiannually and matures in three years is considering its sale. If the required rate of return on the bond is 11%, the price of the bond per 100 of par value is closest to:

A. 95.00.

B. 95.11.

C. 105.15.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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