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Abc company issued a 2 0 - year quarterly pay bond 4 years ago. The face value of the bond is $ 1 , 5

Abc company issued a $20 -$ year quarterly pay bond $4$ years ago. The face value of the bond is $ $1, 500$ and the coupon rate is $5 % .$ The current market rate on comparable bonds is $4 % .$ At what price would you value the bond?

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Question

Abc company issued a 2 0 - year quarterly pay bond 4 years ago. The face value of the bond is $ 1 , 5

Abc company issued a 20-year quarterly pay bond 4 years ago. The face value of the bond is $1,500 and the coupon rate is 5%. The current market rate on comparable bonds is 4%. At what price would you value the bond?

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Abc company issued a $20 -$ year quarterly pay bond $4$ years ago. The face value of the bond is $ $1, 500$ and the coupon rate is $5 % .$ The current market rate on comparable bonds is $4 % .$ At what price would you value the bond?