Face Value Coupon Rate Interest Rate (YTM) Bond matures in Coupons are paid annually 100,000 8.9% 9.6% 6 years 1 What is the price of the bond? A Between 70,000 and 90,000 B Between 90,000 and 100,000 C Between 100,000 and 110,000 D Between 110,000 and 140,000 2 What if coupons were paid semi-annually? A Between 70,000 and 90,000 B Between 90,000 and 100,000 C Between 100,000 and 110,000 D Between 110,000 and 140,000