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
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?
1 answer