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Business, 09.02.2021 01:00 lando153

A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in three years. If the required rate of return on the bond is 5%, the price of the bond per 100 of par value is closest to: A. 98.65.

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A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest...
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