Bond price a newly issued 10-year option -Ferr bond is valued at par on june 1,2005. The bond has an annual coupon of 8.0 percent . On june 1,2008 . The bond has a yield to maturity of 7.1 percent .the first coupon is reinvested at 8.0 percent and the second coupon is reinvested at 7.0 percent. Steps solution indetail, the price of the bond on june 1,2008.