Question: Can you please help me solve this problem? A bond offers an annual coupon rate of 7% with interest paid semiannually.The bond matures in eight

Can you please help me solve this problem?

A bond offers an annual coupon rate of 7% with interest paid semiannually.The bond matures in eight years.Using a market discount rate of 7%, the price of the bond per $100 of face value is closest to:

a)105.00

b)112.54

c)99.25

d)100.00

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