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What is the price of a 3 -year bond with a 8% coupon rate and face value of $100 ? The bond is trading at

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What is the price of a 3 -year bond with a 8% coupon rate and face value of $100 ? The bond is trading at a yield of 7%. Coupons are paid semi-annually. Assume semi-annual compounding. Round your answer to the nearest cent ( 2 decimal places). Suppose an investor buys a bond with the settlement date in between coupon payment dates. Which price does the investor pay? Accrued interest actual/ /365 Full price None of these are correct Clean price

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