Assume a corporation's bond has 15 years remaining until maturity. The coupon interest rate is 9.4% and the bond pays interest semi-annually. Assume bond investors' required rate of return on the bond is 9.7%. What would be the expected market price of this bond. (Assume a $1000 par value.) Answer to 2 decimal places.
Get Answers For Free
Most questions answered within 1 hours.