What price would you expect to pay for the Kenny Corp. bond? What is the bond?s current

Question:

What price would you expect to pay for the Kenny Corp. bond? What is the bond?s current yield?

To calculate the number of years until maturity, assume that it is currently January 15, 2019. All of the bonds have a $2,000 par value and pay semiannual coupons.

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...

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