Question: 109 IS INCORRECT . PLEASE ANSWER AND EXPLAIN. Suppose that a bond pays semiannual coupons of $3 each. Consider the time unit fort as a

 109 IS INCORRECT . PLEASE ANSWER AND EXPLAIN. Suppose that a

109 IS INCORRECT . PLEASE ANSWER AND EXPLAIN.

Suppose that a bond pays semiannual coupons of $3 each. Consider the time unit fort as a half year. Calculate the price of a bond at t = 2.3 in the financial press when the actual price of the bond at t=2.3 is $95.00 Round the answer to the nearest whole dollar

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