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 PC

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

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