General Mills has a $1,000 par value, 27-year to maturity bond outstanding with an annual coupon rate

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General Mills has a $1,000 par value, 27-year to maturity bond outstanding with an annual coupon rate of 10.59 percent per year, paid semiannually. Market interest rates on similar bonds are 11.28 percent. Calculate the bond's price today.

Round the answer to two decimal places.

Posted Date: May 19, 2024 03:15 AM

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General Mills has a $1,000 par value, 27-year to maturity bond outstanding with an annual coupon rate

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