Sloth Enterprises' bonds have a 22-year maturity, a 6.57% coupon, and a par value of $1,000. The going interest rate (rd
Posted: Sun Jun 05, 2022 10:26 am
Sloth Enterprises' bonds have a 22-year maturity, a 6.57%
coupon, and a par value of $1,000. The going interest rate (rd) is
2.26%. Assuming semiannual compounding, what is the bond's
price? Round to two decimal places (Ex. $000.00)
coupon, and a par value of $1,000. The going interest rate (rd) is
2.26%. Assuming semiannual compounding, what is the bond's
price? Round to two decimal places (Ex. $000.00)