If you own one of these bonds and want to sell it how much, Financial Management

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If you own one of these bonds and want to sell it how much

1 year ago, Old Farms sold $50,000,000 worth of 8.0% coupon, 10-year maturity, $1000 par value, AA-rated; non-callable bonds to finance its business expansion. Currently, investors are demanding a yield of 9.0% on similar bonds. If you own one of these bonds and want to sell it, how much money can you expect to receive on it?

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Financial Management: If you own one of these bonds and want to sell it how much

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Financial Management: If you own one of these bonds and want to sell it how much

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