Question
5?? I need the full answers and help please! Grand Canal Incorporated issued 10-year bonds six years ago with an annual coupon rate of 8.375%
5?? I need the full answers and help please! Grand Canal Incorporated issued 10-year bonds six years ago with an annual coupon rate of 8.375% APR. The bonds have a face value of $1,000.00 each and were issued at par value. Today, investors want a 5.66% return for bonds of similar risk and maturity. What is the current market price of Grand Canal bonds? Answer format: Currency: Round to: 2 decimal places. Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a semi-annual coupon with a coupon rate of 8.75% APR. Based on the economy and risk associated with Crimson Tide, you seek a 13.80\% APR return on Crimson Tide debt. The face value of the bond is $1,000. What price are you willing to pay for the bond? Answer format: Currency: Round to: 2 decimal places
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