What if Marks Treasury bond in the previous problem had a coupon rate of 9 and new bonds still had interest rates of 8 For what price should Mark sell the bond in this situation ...

Mark should value the bond at 3255930 Required information Coupon payment C 30000 9 2700 ...

What if Marks Treasury bond in the previous problem had a coupon rate of 9% and new

Question:

What if Mark’s Treasury bond in the previous problem had a rate of 9% and new bonds still had interest rates of 8%? For what price should Mark sell the bond in this situation? Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...