Friday
July 31, 2015

Homework Help: math

Posted by eric on Saturday, September 22, 2012 at 7:08pm.

Grossnickle Corporation issued 30-year, noncallable, 8.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 6.5%. What is the current price of the bonds, given that they now have 29 years to maturity?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members