Trico bonds have an annual coupon rate of 8 percent
Trico bonds have an annual coupon rate of 8 percent
Trico bonds have an annual coupon rate of 8 percent and a par value of $ 1,000 and will mature in 20 years. If you require a return of 7 percent, what price would you be willing to pay for the bond? What happens if you pay more for the bond? What happens if you pay less for the bond?