Question: how do i solve this A bond has 21 year to maturity and a coupon rate of 9%. Coupons are paid semi-annually. If interest rates
A bond has 21 year to maturity and a coupon rate of 9%. Coupons are paid semi-annually. If interest rates are 8%, what is the price of the bond today? Round your answer to dollars and cents, for example 100.12. 4 1,100.93 margin of error +/-0.1%
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