Austin buys a 15-year$100 bond with 7% annual coupons and redeemable at par. Find the purchase price Austin would have to pay to yield 4% annual effective.

Austin buys a 15-year $100 bond with 7% annual coupons and redeemable at par. Find the purchase price Austin would have to pay to yield 4% annual effective. Possible Answers A 177.83 a 133.36 c 119.62