Suess Inc issues a 2-year corporate bond on 31 December, 2012 with a coupon rate of 7.6%, with a face value of $100 and interest paid semi-annually.
Eighteen months later, the 2-year government bond has fallen to 1%, though the risk profile of Suess Inc remains that of a BBB-rated company, 2%.
What would be the market price of the Suess Inc 2-year bond, 6 months prior to maturity? (Roundup to two decimal places)