Question: Can you please help me with this question? A bond pays an annual coupon rate of 6%, paid semiannually. It matures in seven years. If

Can you please help me with this question?

A bond pays an annual coupon rate of 6%, paid semiannually. It matures in seven years. If the market yield for similar bonds is 8%, then the price of the bond per $100 of face value would be closest to:

a)106.00

b)100.00

c)89.44

d)58.78

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