Troyer Corp. $1,000 par value bonds mature in 13 years and pay a coupon of 10% on a semiannual basis. If investors requi

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answerhappygod
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Troyer Corp. $1,000 par value bonds mature in 13 years and pay a coupon of 10% on a semiannual basis. If investors requi

Post by answerhappygod »

Troyer Corp. $1,000 par value bonds mature in 13 years and pay a
coupon of 10% on a semiannual basis. If investors require a 6.2%
rate of return on bonds with a similar risk profile, what should
the bond's price be? Round to two decimal places (Ex.
$000.00)
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