Question: PLEASE HIGHLIGHT THE ANSWER 31 In early 2014, riots and protests occurred in the Ukraine resulting in the loss of life. A credit rating agency
PLEASE HIGHLIGHT THE ANSWER
31 In early 2014, riots and protests occurred in the Ukraine resulting in the loss of life. A credit rating agency downgraded Ukraine debt from B to CCC. Suppose that the Ukraine has a zero-coupon bond that will mature in 12.00 years. Based on the table below, what is the new price of the Ukraine debt issue. (The bonds will pay $1,000 at maturity) not submi Attempts Remainis Credit Rating CCCB BB BBB Yield to maturity 7.42% 7.17% 6.92% 6.77% Answer format: Currency: Round to: 2 decimal places
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