Bavarian Sausage just issued a 9-year 8% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual
Posted: Sun Jun 05, 2022 10:22 am
Bavarian Sausage just issued a 9-year 8% coupon bond. The face value of the bond is $1,000 and the bond makes semiannual coupon payments. If the required return (yield to maturity) on the bond is 9%, what is the bond's price?