If the current market rate for similar bonds is 953 per, Financial Management

If the current market rate for similar bonds is 953 per

Metasale Ltd is issuing 8-year bonds with a coupon rate of 7.99 per cent and semi- annual coupon payments. If the current market rate for similar bonds is 9.53 per cent, what will be the bond price? Assume each bond has a face value of $1000. If the company wants to raise $1.25 million, how many bonds does it have to sell?

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Financial Management: If the current market rate for similar bonds is 953 per

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