The Mallory Corporation has issued a nominal value bond of 1000 that will not make payments for the first three years. Then he will pay 50 semiannual dollars for a period of 3 years. And finally he will pay 60 semiannual dollars for four years. If the market yield is 14% capitalized semiannually what is the price of the bond.

Answer rating: 100% (QA)

Face value 1000 Coupons 0 for the first 3 years then 50 semi... View the full answer