Question: answer quick for thumbs up Klingsman National Brand has bonds that are rated AA by Standard and Poor's. The yield to maturity on AA bonds

answer quick for thumbs up answer quick for thumbs up Klingsman National Brand has bonds that are

Klingsman National Brand has bonds that are rated AA by Standard and Poor's. The yield to maturity on AA bonds at the moment is 6.97%. You are trying to value a Klingsman bond that has 11.00 years until maturity and pays a 8.00% coupon. The bond has a $1,000 face value. What is the current price of this Klingsman National bond? Submit Answer format: Currency: Round to: 2 decimal places

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