General mills has a 1000 par value 29-year to maturity bond


General Mills has a $1,000 par value, 29-year to maturity bond outstanding with an annual coupon rate of 11.56 percent per year, paid semiannually. Market interest rates on similar bonds are 11.27 percent. Calculate the bond’s price today.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: General mills has a 1000 par value 29-year to maturity bond
Reference No:- TGS01363142

Expected delivery within 24 Hours