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A 10-Year,4

Question 96

Multiple Choice

A 10-year,4.5 percent,semiannual coupon bond issued by Tyler Rentals has a $1,000 face value.The bond is currently quoted at 98.7.What is the clean price of this bond if the next interest payment will occur 2 months from today?


A) $987.00
B) $994.50
C) $1,002.00
D) $1,011.25
E) $1,022.50

Correct Answer:

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