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Suppose the discount rate is 5%. What is the price of a 30-year, 9% coupon bond (Assume par value is $1000 and semiannual coupons)? $3,009.06

Suppose the discount rate is 5%. What is the price of a 30-year, 9% coupon bond (Assume par value is $1000 and semiannual coupons)?

		$3,009.06
		$1,618.17
		$1,614.90
		$1,418.61
		$905.35

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