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The market price of a semi-annual pay bond is $981.05. It has 21.00 years to maturity and a yield to maturity of 7.18%. What is

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The market price of a semi-annual pay bond is $981.05. It has 21.00 years to maturity and a yield to maturity of 7.18%. What is the coupon rate? Answer format: Percentage Round to: 0 decimal places (Example: 9\%, \% sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09)) Attempts Remaining: Infinity Derek borrows $307,718.00 to buy a house. He has a 30 -year mortgage with a rate of 4.48%. After making 111.00 payments, how much does he owe on the mortgage? Answer format: Currency: Round to: 2 decimal places

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