Determine the price of the bonds


Nungesser Corporation has issued bonds that have a 9 percent coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yield to maturity of 8.5 percent. What is the price of the bonds?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determine the price of the bonds
Reference No:- TGS0551497

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)