Question: A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest on June 1 and December 1 of each

A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest on June 1 and December 1 of each year, what price (expressed as a percentage of face value) would have been quoted for bonds of this issue on September 17?

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