What Is the Current Price of an Existing Treasury Bond

question 1

Multiple Choice

What is the current price of an existing Treasury bond that pays a fixed coupon of 6.4% per annum per $100 face value,compounding half-yearly,and maturing in four years? Current market yields are 6.8% per annum.

• A) $22.0888
• B) $44.1775
• C) $76.5307
• D) $98.6195

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