Nokomis corporate bonds mature in 10 years, have a par value of $1,000, and have an annual coupon rate of 6.25% (paid on an annual basis).  The current market interest rate for comparable bonds is 5.5%.  Approximately, what is the price of Nokomis's bonds (report answer as a positive number)?

Answer rating: 100% (QA)

Answer So the price of Nokomiss bonds is 102423 To calcu... View the full answer