Question: ABC Corp. has a bond outstanding that pays a 7% coupon. The interest is paid semiannually, and the bond matures in 10 years. If the market rate of interest on bonds of similar risk is 8%, what should company A's bond be selling for, approximately, one year from today? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.