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Barry's Steroids Company has $ 1 , 0 0 0 par value bonds outstanding at 1 6 percent interest. The bonds will mature in 4
Barry's Steroids Company has $ par value bonds outstanding at percent interest. The bonds will mature in years.
If the percent yield to maturity is percent, what percent of the total bond value does the repayment of principal represent? Assume interest payments are annual. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Note: Do not round intermediate calculations. Input your answer as a percent rounded to decimal places.
Principal as a percentage of bond price
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