What is the current price of the bond if the couponds are


Consider a bond that has 15 years left until maturity and face value of 1000$. The coupon rate is 9.94%. The firm uses the same required rate of return for their bonds as they do for their common stock, which is currently selling for 12.84$ per share. They have adopted a constant growth of 4.5% in their dividends, with the one just paid being 1.11$. What is the current price of the bond if the couponds are paid annually? Show your work

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Financial Management: What is the current price of the bond if the couponds are
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