General mills has a 1000 par value 11-year to maturity bond


General Mills has a $1,000 par value, 11-year to maturity bond outstanding with an annual coupon rate of 8.17 percent per year, paid semiannually. Market interest rates on similar bonds are 12.31 percent. Calculate the bond's price today.

Solution Preview :

Prepared by a verified Expert
Business Management: General mills has a 1000 par value 11-year to maturity bond
Reference No:- TGS01483371

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)