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It is now 17 years later the current market rate of

Finance: Bond Yield to Call. YTM and Price after original Issue

Question

Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 14.61 percent coupon rate and paid interest annually. It is now 17 years later. The current market rate of interest on the Bright Sun bonds is 9.59 percent. What is the current market price (intrinsic value) of the bonds?

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Finance Basics: It is now 17 years later the current market rate of

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Finance Basics: It is now 17 years later the current market rate of

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