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Assume a par vatue of $1.000. A firm plans to issue a 28 -year, annual payment bond with a coupon rate of 14.00%. If the

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Assume a par vatue of $1.000. A firm plans to issue a 28 -year, annual payment bond with a coupon rate of 14.00%. If the vield to maturity for the bond is 14% p.a., what will the price of the bond be? 1) None of the given answers for this question are within $0.50 of the correct answer. 2) $1,079,84 3) $1,000.00 4) $913.52 5) $1,280.67 6559303

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