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An investor is considering the purchase of a 10-year U.S. Treasury note that bears a 6% coupon rate with interest payments made semiannually. The bond is currently priced to yield 3.6%.

As a percent of par, the bond’s price is closest to:

A 110.89%.

B 119.86%.

C 120.00%.

D 133.80%.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92428044

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