What is the current price of the bond


ABC Corp. issued a 12%, 20-year coupon rate bond 5 years ago. Interest rates are now 8%. Based on semi-annual analysis what is the current price of the bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the current price of the bond
Reference No:- TGS0552256

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)