19% 1:]- Sun 12:01 AM Ivette Rodriguez 6 Preview File Edit View Go Tools Window Help iii Bond valuation questions (1 ).pdf (page 2 of 2) 1 V ED Q Q...

Can you help me solve this step by step?

I am having trouble understanding how to get the N.

What do I do with 100 million, the principal amount?

19% 1:]- Sun 12:01 AM Ivette Rodriguez 6 Preview File Edit View Go Tools Window Help iii Bond valuation questions (1 ).pdf (page 2 of 2)ﬂ 1 V ED Q Q Search 3. Consider the following bond issued by Fin Corp: Feature TermsAmount of issue (Principal) $100 millionDate of Issue 12/31/1 1Maturity 12/3 1/ 3 1Denomination (Face value) $1,000Annual coupon 8% Offer price X Dates of coupon paments Semi-annual Suppose today is 07/01/16 (you received a coupon payment yesterday). Suppose furtherthat the market interest rate for an investment that is equivalent in risk to this bond is 7%. What is the current price of the bond? ulas or steps to approach this? Due in 23 hours 33 minutes