You bought a 8-year bond with

$100

face value at a price of

$105

with a coupon rate of

11.00%

paid semiannually. After 3 years, ( 5 full years left in maturity) you decide to sell it and you find that the new yield to maturity is

12.00%

APR. Based on this information, what is the selling price of this bond?\

$94.95

\

$96.32

\

$99.30

\

$105.00

You bought a 8-year bond with $100 face value at a price of $105 with a coupon rate of 11.00% paid semiannually. After 3 years, ( 5 full years left in maturity) you decide to sell it and you find that the new yield to maturity is 12.00% APR. Based on this information, what is the selling price of this bond? $94.95 $96.32 $99.30 $105.00