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Determine the current price of each bond

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Question - Macquarie Bank 7% coupon bonds are trading at a yield of 6% and have 3 years until maturity with a $100 face value. Coupons are paid semi-annually. Determine the current price of each bond?

a. $102.71

b. $148.75

c. $121.67

d. $116.25

Reference no: EM133025545

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