Question: pleass answer if you sure other wise skip it Even though mast corporate bonds in the United States make coupon payments semiannually, bends issued elsewhere

pleass answer if you sure other wise skip it

pleass answer if you sure other wise skip it Even

Even though mast corporate bonds in the United States make coupon payments semiannually, bends issued elsewhere often have annual coupon payments. Suppose a German company issues a bend with a par value of 1,000, 20 years te maturity, and a coupon rate of 7.4 percent paid annually. If the yield to maturity is 8.5 percent, what is the current price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, eg, 32.16.)

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