The price of a bond that matures in 1 year is 103.34, using base 100 pricing. The price of a bond that matures in two years is 101.90, using base 100 pricing. What is the 1-year bond forward price in year 1?

A) 98.56
B) 98.61
C) 101.90
D) 103.34

B

Business

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