Question: Kohls Corp. ' s 7 . 5 % coupon bonds maturing in 1 5 years traded yesterday at 9 5 6 . 7 7 .
Kohls Corp.s coupon bonds maturing in years traded yesterday at Assume semiannual compounding.
Suppose in one year that market adjusts and Kohls's bond now trades at a yield of APR. At what price would Kohls's bond trade in one year?
Always carry at least four decimal places throughout your analysis.
Response should include decimal places. Do not include percentage sign for example, would be entered as Do not include a dollar sign. Do not include comma for example, would be entered as Trailing zeroes may disappeardo not worry about that
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