Grupo Ignacia issued 10-year corporate bonds two years ago. The bonds pay an annualized coupon of 10.7
Question:
Grupo Ignacia issued 10-year corporate bonds two years ago. The bonds pay an annualized coupon of 10.7 percent on a semiannual basis, and the current annualized YTM is 11.6 percent. The current price of Grupo Ignacia’s bonds (per MXN100 of par value) is closest to:
A. MXN95.47.
B. MXN97.18.
C. MXN95.39.
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