Multiple Choice
What is the current price of a financial security that pays a fixed coupon of 10.2% per annum per $100 face value,compounding half-yearly and maturing in four years,when current yields in the market are 8.6% per annum?
A) $103.9575
B) $70.3185
C) $103.887
D) $132.8295
Correct Answer:
Verified
Correct Answer:
Verified
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