What should be the quoted cost of the bond today

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Reference no: EM132929251

Question - The ask yield on a 6 percent coupon Treasury bond maturing in 18 years is 5.488 percent. if the face value is $100, what should be the quoted cost of the bond today (use semiannual compounding)?

A. $105.8088

B. $104.3678

C. $103.2795

D. $106.8542

Reference no: EM132929251

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