Question: Bond Valuation. Mark has a Treasury bond with a par value of $ 2 0 , 0 0 0 and a coupon rate of 6

Bond Valuation. Mark has a Treasury bond with a par value of $20,000 and a coupon rate of 6%. The bond has 13 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 9%. At what price should Mark sell the bond?
The price Mark should sell the bond at is $ (Round to the nearest cent.)
Bond Valuation. Mark has a Treasury bond with a par value

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