An investor looks at today's yield to maturities in the Wall Street Journal for debt with 10 year maturities. He observes the following: Rating AAA AA BBB BB YTM 4.31% 4.60% 4.75% 4.95% 5.15% A Exxon Mobil (XON) has debt that is AAA rated. Suppose an investor wants to value Exxon bonds that will mature in 10-years. He sees one Exxon bond that pays a 7.50% annual coupon with a face value of $1,000. What should the bond trade for today? Answer Format: Currency: Round to: 2 decimal places.

An investor looks at today's ylold to maturtios in the Wal Sseot Journal for debt with 10 year maturities. He coserves the folowing: coupon with a face value of $1,000. What should the bond trade for todan? Answer Format: Currency: Found to: 2 decimal places