Question: Problem 2 Intro A corporate bond with a coupon rate of 8% pays interest semiannually and has a maturity date of May 28, 2029. The

Problem 2 Intro A corporate bond with a coupon rate of

Problem 2 Intro A corporate bond with a coupon rate of 8% pays interest semiannually and has a maturity date of May 28, 2029. The trade settles on March 20, 2022. The yield to maturity is 11%. Part 1 Attempt 1/10 for 10 pts. What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function. 0+ decimals Submit

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