Question: An A rated corporate bond from Textron has 8 years until maturity, a coupon rate (paid semiannually) of 4.2%, and par value of

 An " A " rated corporate bond from Textron has 8

An " A " rated corporate bond from Textron has 8 years until maturity, a coupon rate (paid semiannually) of 4.2%, and par value of $1000, Similar corporate bonds have yields-to-maturity of 2.9%. At that yield, what should be the price of the Textron bond as a percantage of par value

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