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Apple issued a first-of-its-kind $500 million U.S. corporate sustainability bond. The 10-year, 2.45 percent senior bonds fund programs that ensure products can be distributed in

Apple issued a first-of-its-kind $500 million U.S. corporate sustainability bond. The 10-year, 2.45 percent senior bonds fund programs that ensure products can be distributed in a way that can be maintained over the long run, such as providing fair pay for workers. Calculate the price of one Apple sustainability bond. Assume that the bonds have a $1,000 Face Value, make semi-annual payments, and have a 2.20% YTM.

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