Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. What should the company's bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.)

Answer rating: 100% (QA)

Years to maturity n 6 Coupon rate C 825 Annual coupon 100... View the full answer