Question: 4. Consider a bond issued by Proctor and Gamble on January 1, 2015, with a maturity of 2026 and a stated coupon rate of

4. Consider a bond issued by Proctor and Gamble on January 1,

4. Consider a bond issued by Proctor and Gamble on January 1, 2015, with a maturity of 2026 and a stated coupon rate of 9.125% which are paid semi-annually. investors owning the bonds are requiring a 7.2% rate of return. What is the value of the bonds to these investors?

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