Question: Consider three 5 year bonds; each bond has a face value of $100. All bonds mature on the same date. All bonds pay annual coupons

Consider three 5 year bonds; each bond has a face value of $100. All bonds mature on the same date. All bonds pay annual coupons at the same point in time. The coupons and current prices for the three bonds are:

Bond	COUPON	PRICE
A	$10.00	$103.898
B	$7.00	$91.305
C	$9.00	P_C

Based on the above information, what is the Price of Bond C (P_C)?

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