Kathmandu Inc. issued bonds with 18-year maturity. The issue has a coupon rate of 8% p.a....

Kathmandu Inc. issued bonds with 18-year maturity. The issue has a coupon rate of 8% p.a. (coupons are paid semi-annually). If the YTM on this issue is currently at 9% p.a. Calculate the price of a bond assuming a face value of $1,000. Please round to two decimal places.

a.	$1,093.72
	b.	$1,066.34
	c.	$911.67
	d.	$911.28
	e.	$912.44

Expert Solution

Ans is c .$ 911.67

Calculation-

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jeff jeffy answered 2 years ago

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