Question: 6. A $100 par value 10 year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What is the flat price (i.e.,

 6. A $100 par value 10 year bond provides 5% semiannual

6. A $100 par value 10 year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What is the flat price (i.e., the money that actually changes hands if the bond is sold, ignoring expenses) 8.4 years after issue at the same yield rate? a. At least $102.20, but less than $102.80 b. Less than $102.20 C. At least $104.00 d. At least $103.40, but less than $104.00 At least $102.80, but less than$103.40 e

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