the company has an outstanding issue of bonds with a par value of $1,000 and paying...

the company has an outstanding issue of bonds with a par value of $1,000 and paying a 3.80 percent p.a. coupon rate with semi‑annual payments. The bonds were issued 30 years ago and have 15 years to maturity. What should be the current price per bond, assuming a 4.28 percent p.a. yield on comparable securities? please show all calculations on excel

Expert Solution

bond price is 947.27

jeff jeffy answered 1 year ago

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