What was the price, per $100 of face value, of an 8.7% 15 August 2014 Treasury bond settled on 21 April 2008 at a yield of 5.8% p.a.? (f = 116, d = 181)
A) $114.52
B) $116.71
C) $118.87
D) $115.52
E) None of these.
Correct Answer:
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