Semi-annual coupon bonds


Ten years ago Bacon Signs Inc. issued twenty-year 8% semi-annual coupon bonds with $1,000 face value each. Since then, interest rates in general have fallen and yield to maturity on Bacon bonds is now 7%. Given this information, what is the price today for a Bacon Signs bond? Please help me solve.

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Basic Statistics: Semi-annual coupon bonds
Reference No:- TGS0873431

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