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A 3 years bond with an annual coupon rate of 6% has a face value of $100. The bond has a yearly interest payment, calculate

A 3 years bond with an annual coupon rate of 6% has a face value of $100. The bond has a yearly interest payment, calculate the market value of the bond. What will be the value of the bond if the yield to maturity is below (YTM = 4%) or above (YTM = 8%) coupon rate? (Use Table A-3 Present Value Interest Factors for One Dollar Discounted at k Percent for n Periods: PVIFk,n. Show your calculations step-by-step and interpret your findings).

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