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DES Question 2 (5 points) Three years ago, your firm issued bonds with ten years until maturity. The bonds pay interest semiannually and offer a
DES Question 2 (5 points) Three years ago, your firm issued bonds with ten years until maturity. The bonds pay interest semiannually and offer a 6% coupon rate. The bonds have a 7% yield to maturity and a par value of $1,000. How much should you pay for the bonds today? Please make sure to enter your answer in the appropriate form. For example, an answer in dollars should be entered as $1,101.555, and an answer in percent form should be entered as 5.000% or 5.770%
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