Morin Company's bonds mature in 6 years, have a par value of $1,000, and make an annual coupon interest payment of $85.
Posted: Tue Jan 18, 2022 12:58 pm
Morin Company's bonds mature in 6 years, have a par value
of $1,000, and make an annual coupon interest payment of $85. The
market requires an interest rate of 6.1% on these bonds. What is
the bond's price?
of $1,000, and make an annual coupon interest payment of $85. The
market requires an interest rate of 6.1% on these bonds. What is
the bond's price?