Regatta inc has seven-year bonds outstanding that pay a, Finance Basics

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Regatta inc has seven-year bonds outstanding that pay a

Question: Regatta Inc. has seven-year bonds outstanding that pay a 12.99 percent coupon rate. Investors buying these bonds today can expect to earn a yield to maturity of 10.41 percent. What is the current value of these bonds? Assume annual coupon payments. (Round answer to 2 decimal places, e.g. 15.25.)

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Finance Basics: Regatta inc has seven-year bonds outstanding that pay a

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Finance Basics: Regatta inc has seven-year bonds outstanding that pay a

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