corporate finance

Even though most corporate bonds in the United States make coupon payments semlannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000,11 years to maturity, and a coupon rate of 7 percent pald annually. If the yield to maturity is 9 percent, what is the current price of the bond? Multiple Choice 686390 C 1,153.97 582070 690709