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Question
The ask yield on a 6% coupon Treasury bond maturing in 8 years is 5.488%. If the face value is $1000, what should be the QUOTED cost of the bond today (use semiannual compounding)?
A. 103:6
B. 103:7
C. 103:8
D. 103:9
E. 103:10
Answer
This answer is hidden. It contains 193 characters.
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