Based on the below data for a bond issuance, What is the sale price of the bond?

Principal: 8%

Coupon rate: 8%

Market rate: 10%

Term: 4 years

4-year factors:

8% PV of $1

8% pv of annuity

10% pv of $1

10% pv of annuity

interest paid annually

 

 

Answer rating: 100% (QA)

To calculate the sale price of the bond we need to use the pres... View the full answer