Fresh Water Inc sold an issue of 16 year $1000 par value bonds to the public. The

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Fresh Water Inc sold an issue of 16 year $1000 par value bonds to the public. The bonds have a 11.17 percent coupon rate and pay interest annually. The current market rate of intereston the fresh water Inc bonds is 8.42 percent. What is the current market price of the bonds?

Round the answer to two decimal places.

Posted Date: Jun 06, 2024 03:02 AM

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Fresh Water Inc sold an issue of 16 year $1000 par value bonds to the public. The

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