Wednesday
March 29, 2017

Post a New Question

Posted by on .

Grasshopper Inc issued 20 years, noncallable, 7.8% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity?

  • Finance - ,

    multiple choice answers to the question
    a. 1,114.94
    b. 1,165.62
    c. 1.507.70
    d. 1.266.98
    e. 1,064.26
    what is the correct answer

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question