Question: Sandy buys a 10-year commonwealth year bond with a face value of $100 and a coupon of 6% pa (paid semi-annually) at a yield of

Sandy buys a 10-year commonwealth year bond with a face value

Sandy buys a 10-year commonwealth year bond with a face value of $100 and a coupon of 6% pa (paid semi-annually) at a yield of 4% pa, when it is initially issued. What is the buying price? A. $118.44 OB. $116.22 O C. $100 OD. $116.35

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