You find an 71-day bond with a face value of $100,000 quoted at a bank discount yield of 5.47 percent. What is the dollar price of this bond?
A) $98,105.00
B) $99,047.17
C) $98,073.48
D) $99,981.74
E) $98,921.19

Question

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The Answer of You find an 71-day bond with a face value of $100,000 quoted at a bank discount yield of 5.47 percent. What is the dollar price of this bond?
A) $98,105.00
B) $99,047.17
C) $98,073.48
D) $99,981.74
E) $98,921.19

You Find an 71-Day Bond with a Face Value of $100,000