(Answered) The bonds of abc corp have an 11 annual coupon rate

Finance

The bonds of ABC Corp. have an 11% annual coupon rate. Interest is paid semi-annually. The bonds have a par value of $100,000 and will mature 15 years from now. If the (annual) required rate of return is 9%, what is the price of ABC's bonds? [Hint: you need to convert your coupon rate, your number of periods, n, and your req. rate of ret. to a semi-annual basis.]

What is the formula for coupon rate and bonds on financial calculator?

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