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C 100,000 10.0% 10.2% 21 years 3 Face Value Coupon Rate 5 Interest Rate (YTM) 5 Bond matures in 7 Coupons are paid annually B

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C 100,000 10.0% 10.2% 21 years 3 Face Value Coupon Rate 5 Interest Rate (YTM) 5 Bond matures in 7 Coupons are paid annually B 291 What is the price of the bond? 10 A Between 70,000 and 90.000 11 B Between 90,000 and 100.000 12 C Between 100.000 and 110,000 13 D Between 110,000 and 140,000 14 15 2 What if coupons were paid semi-annually 16 A Between 70,000 and 90,000 17 B Between 90,000 and 100,000 18 C Between 100,000 and 110,000 19 D Between 110.000 and 140,000 20 + SNN

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