A 10 year 7% municipal bond, quoted on a 5.00 basis, is priced at 104. A 10 year 6% municipal bond, quoted on a 5.00 basis, is priced at 101. What is the price of a 10 year, 6.40% municipal bond, quoted on a 5.00 basis? A. 101.25 B. 101.80 C. 102.
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