Question $4$

A $10-$year $5\%$ coupon bond was issued $1$ year$($s$)$ ago. Similarly risky bonds

are yielding $5\mathrm{.}6\%.$ Assume semi$-$annual coupon payments. The bond's

price should be $

Hint: Original bond maturity is not relevant $--$ what matters is the number

of coupon payment periods remaining until maturity.

Margin of error for correct responses: $+/-.05.$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, $x,$ or any words in your

response. Do not round any intermediate work, but round your $*$ final$*$

response to $2$ decimal places $($example: if your answer is $12\mathrm{.}3456,$

$12\mathrm{.}3456\%,$ or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$