What if Marks Government of Canada bond (from Problem 8) had a coupon rate of 9 percent,

Question:

What if Mark’s Government of Canada bond (from Problem 8) had a rate of 9 percent, payable semi-annually, and new bonds still had interest rates of 8 percent, payable semi-annually? What price could Mark sell the bond for in this situation?
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...