Question: please solve it using formulas and not excel. Consider a six-year maturity, $100,000 face value bond that pays a 5 percent fixed coupon annually. [Reference:

please solve it using formulas and not excel.

Consider a six-year maturity, $100,000 face value bond that pays a 5 percent fixed coupon annually. [Reference: 9-89] 89. What is the price of the bond if market interest rates are 4 percent? A. $105,816.44. B. $105,287.67. C. $105,242.14. D. $100,000.00. E. $106,290.56

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