Question: 3. TEXTBOOK CHAPTER 3 - EXERCISE 13 - Bond PRICE An 8% coupon bond (with the usual semiannual coupon payments) with 18 years to maturity

3. TEXTBOOK CHAPTER 3 - EXERCISE 13 - Bond PRICE An

3. TEXTBOOK CHAPTER 3 - EXERCISE 13 - Bond PRICE An 8% coupon bond (with the usual semiannual coupon payments) with 18 years to maturity has a yield of 9%. What is the price of this bond? (Make price assuming $100 face value, and round price to nearest $0.01) TDO D

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