Question: Note well: unless stated otherwise, we assume bonds pay coupons semi-annually and would therefore make the appropriate adjustments to our calculations Gibralta Industries is issuing

Note well: unless stated otherwise, we assume bonds pay coupons semi-annually and would therefore make the appropriate adjustments to our calculations

Gibralta Industries is issuing a bond with a 4.50% coupon rate that matures in 10 years. At a yield to maturity of 3.95%, the price per $100 is closest to:

A. $104.51.

B. $95.61

. C. $104.47.

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