Apache Bond Pricing: Assume, you are the financial manager of Apache Oil company. You have decided to sell new bonds to fund a new petroleum project. You would like to make an interest payment of $65 per year per bond on a face value of $1,000. The bonds will mature 30 years from now. From the following Morningstar website (website listed below) identify a comparable bond issued by Anadarko Petroleum Corp that has maturity closest to 30 years. Use YTM (i.e., yield to maturity or market interest rate) for Anadarkos bond issue to price Apaches new bond.

p://quicktake.morningstar.com/StockNet/bonds.aspx:Symbo