Question: Bond Valuation. Mark has a Treasury bond that has a par value of $ 4 0 , 0 0 0 and a coupon rate of

Bond Valuation. Mark has a Treasury bond that has a par value of $40,000 and a coupon rate of 7%. The bond 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 5%. For price should Mark sell the bond in this situation?
Mark should sell the bond for $ (Round to the nearest cent.)
Bond Valuation. Mark has a Treasury bond that has a par

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