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A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond.
- AP 1,122.70
- BP 1,144.81
- CP 1,133.78
- DP 1,155.06
Correct answer: B
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P 1,144.81