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Buner Corp.s outstanding bonds, which has a face value of $1,000, have 6 years remaining to maturity. The bonds coupon rate of interest is 8%,
Buner Corp.s outstanding bonds, which has a face value of $1,000, have 6 years remaining to maturity. The bonds coupon rate of interest is 8%, and interest is paid semiannually. If investors require a rate of return equal to 9% to invest in similar risk bonds, what should be the market price of Buners bond?
A. 949.93 b.944.09 c.954.41 d.899.63 e.932.10
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