Use of Financial Calculator TI BA II Plus required. A Government of Canada $100 000 three percent bond, due in exactly 12 years, is rated AAA. It has a current price of $93 286. If a BB-rated bond carries a 2.3 percent premium, what would be the price for the exact same terms for this BB bond?
A) $85 079
B) $72 345
C) $75 421
D) $74 668
Correct Answer:
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