Thirty-year b-rated bonds of parker optical company were, Financial Management

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Thirty-year b-rated bonds of parker optical company were

Thirty-year B-rated bonds of Parker Optical Company were initially issued at a 12 percent yield. After 5 years, the bonds have been upgraded to Aa2. Such bonds are currently yielding 8 percent to maturity. Use Table 16-2. Determine the price of the bonds with 25 years remaining to maturity. Price of the bonds $

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Financial Management: Thirty-year b-rated bonds of parker optical company were

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Financial Management: Thirty-year b-rated bonds of parker optical company were

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