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A bond pays a $50 coupon in 3 months and another $50 coupon in 9 months, when it matures and also pays back its $10,000 face value
A bond pays a $50 coupon in 3 months and another $50 coupon in 9 months, when it matures and also pays back its $10,000 face value. If the APY is 3%, what is the price of the bond today? Choose the nearest answer. A 10,680 B 6300 C 9700 D 9900
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