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#31 In early 2014, riots and protests occurred in the Ukraine resulting in the loss of life. A credit rating agency downgraded Ukraine debt from

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#31 In early 2014, riots and protests occurred in the Ukraine resulting in the loss of life. A credit rating agency downgraded Ukraine debt from B to CCC. Suppose that the Ukraine has a zero-coupon bond that will mature in 10.00 years. Based on the table below, what is the new price of the Ukraine debt issue. (The bonds will pay $1,000 at maturity) Credit Rating CCC BB BBB Yield to maturity 6.92% 6.67% 6.42% 6.27% Submit Answer format: Currency: Round to: 2 decimal places

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