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Ernire bought Bond E four years ago, when the market interest rate was 10% APR. Today, the bond currently has eight years to maturity and

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Ernire bought Bond E four years ago, when the market interest rate was 10% APR. Today, the bond currently has eight years to maturity and has an annual coupon rate of 10%, making semi-annual coupon payments. If the yield to maturity on the bond is currently 8.5% APR, and assuming the bond is priced correctly, what do you know about the price today? Price $1,000 Price =$1,000 Not enough information to determine

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