Consider an 8 - year coupon bond which is selling at par (annual couponpayments) . YTM is currently 6% . What is the price of this bond one yearfrom today if the YTM at that point is 8% (Face value is 100) ?a) 100b) 88.51c) 111.16d) 89.59e) 112.4The answer is D. I just need to see the steps on how to get there.

Consider an 8 - year coupon bond which is selling at par (annual couponpayments) . YTM is currently 6% . What is the price of this bond one yearfrom today if the YTM at that point is 8% (Face value is 100) ?a) 100b) 88.51c) 111.16d) 89.59e) 112.4The answer is D. I just need to see the steps on how to get there.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 8MC: Suppose a 10-year, 10% semiannual coupon bond with a par value of 1,000 is currently selling for...

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Hello Can you show how the computation was made from the solutions guide
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