Question: Question 14 When Polycorp issued its debentures three years ago, they had six years remaining to maturity. Using the following information, calculate the price

Question 14 When Polycorp issued its debentures three years ago, they had

Question 14 When Polycorp issued its debentures three years ago, they had six years remaining to maturity. Using the following information, calculate the price of the debentures today. Face value = $100 Coupon Rate = 0.07 Yield = 0.05 1.5 pts Both the coupon rate and the yield are expressed as decimals, e.g. 12% pa is expressed as .12 Calculate the price accurate to two decimal places. Do not enter the $ sign.

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