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 PLEASE HIGHLIGHT THE ANSWER 31 In early 2014, riots and protests occurred

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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