Question: QUESTION 4 A bonds issue, raised 3 years ago with 5 years to maturity, has the following characteristics. Each bond has a par value of

QUESTION 4 A bonds issue, raised 3 years ago with 5 years to maturity, has the following characteristics. Each bond has a par value of 2000. the coupon rate is 2.9%. Coupons are paid annually. Bonds will be repaid in ne at par value. Currently, the issuer could raise debt at a 3.8% interest rate. Corporate tax rate is 34%. What is the price of ONE bond ? (answer in %, 2 decimal places ; if you find 101 23%, just write 101.23)

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