Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Homework #4F (Bond Yield to Call. YTM and Price after original Issue

Homework #4F (Bond Yield to Call. YTM and Price after original Issue

Finance

Question 2 (1 point)

 

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 14.61 percent coupon rate and paid interest annually. It is now 17 years later. The current market rate of interest on the Bright Sun bonds is 9.59 percent. What is the current market price (intrinsic value) of the bonds?

Round the answer to two decimal places

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question