Question: please help! thank you! the current answer is wrong. Suppose a German company issues a bond with a par value of 1,000,8 years to maturity,

please help! thank you! the current answer is wrong.

Suppose a German company issues a bond with a par value of 1,000,8 years to maturity, and a coupon rate of 6 percent paid annually. If the market interest rate is 11 percent, what is the current price of the bond? 6742.69 $705.56 61,030.00 61,314.49 779.83 D) View question 3 feedback Assume that you ate considering the porchase of a 20 ycar, noticallable bond with an annual coupen rate of 9.5%. The bond has a face value of 51,000 , and it makes ictniatnual infereat payments. If yea require an 10.7% nominal yield to materity on thas investment, what is the maximum price yoa should be willing to pay for the bond? 5721,44 5910.81 5901.00 5874,74 51,000.99

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