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You have the opportunity to purchase a 26 -year- $1-000 par value bond.docx

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You have the opportunity to purchase a 26 -year, $1 , 000 par value bond that has an annual coupon rate of 9% . If you require a YTM of 8.8% , how much is the bond worth to you? The price of the bond is (Round to the nearest cent.) .

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You have the opportunity to purchase a 26 -year, $1 , 000 par value bond that has an annual coupon rate of 9% . If you require a YTM of 8.8% , how much is the bond worth to you? The price of the bond is (Round to the nearest cent.)

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